Posted on 04/11/2014 11:18:48 AM PDT by UMCRevMom@aol.com
Economic results of 11 April the most important news on today, 11 April: energy and coal industry Minister Yuri Prodan said that njsc "Naftogaz of Ukraine" prepares a contract with German and French partner on the import of natural gas through reversnym routes from Western Europe. In addition, officials from the European Commission said on Friday that the EC no longer relates to the priority projects of the South stream gas pipeline, which would connect Russia with Western Europe. They reported that the priority is the development of links with alternative energy sources in Russia, in particular, the development of the southern gas corridor.
On Friday, the Director of the IMF's European Department, Reza Moghadam, at a briefing in Washington, said that the Fund at the end of April-beginning of May is ready to start lending to Ukraine within the framework of the stand-by loan program.
Also, 11 April, it was reported that the German Government has postponed indefinitely a decision on granting Russia satellite technology from the Corporation of the Airbus Group NV. Earlier this week, the Volvo and Renault Corporation announced the expanded programmes of cooperation with Russian enterprises producing military equipment.
11 April on the interbank currency market non-cash hryvnya stopped falling-rate stopped at 13.00/13.30 hryvnas to the dollar against 12.90/UAH 13.20 per dollar on April 10. National Bank of 11 April currency for sale ran again. We remind that on April 11 the foreign exchange market tested the application by April 9. During day trading course reached UAH 13.90/13.25 to the dollar.
Russian ruble 11 April little ass-to 35.5987 rubles per dollar against 35.5385 rubles per dollar on April 10. On April 11 the ruble against the euro also weakened slightly to 49.4511 roubles per euro against 49.2612 roubles per euro on 10 April. To maintain the ruble, the Central Bank of Russia has used since the beginning of March, that is, from the beginning of the aggression in Crimea more than 27.5 billion, about 6% of their foreign exchange reserves. The current level of foreign exchange reserves is the lowest since February 11, 2011 year. Sale of foreign currency reserves of the CBI conducts daily.
Alexander kramarenko, IP Group (Translated by Bing)
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