As of 8.10pm at the Moscow Exchange, the dollar rate was fixed at 56.25 rubles, the euro at 63.34 rubles. Alexander Arshavsky, an associate professor of the RANEPA M.A. Limitovsky Chair of Corporate Finances, Investment Projecting and Assessment, said that the demand for currency had risen due to the need to pay for corporate sector external debt, oil prices had fallen. In his opinion, no additional demand for currency will be seen due to the dropping tourism flows.
Russian President Vladimir Putin's Spokesman, Dmitry Peskov, said that neither the G7 nor the G8 could solve the world's problems effectively. In his words, Putin was cooperating in more productive formats, RIA Novosti reports.
US President Barack Obama said at a press conference after the G7 summit in Germany that sanctions had no political solution, their extension was a matter of technical debates, RIA Novosti reports.Obama expressed commitment to supporting Ukraine and fulfilling the Minsk Agreements.
All the participants of the G7 summit, which opens today in Garmisch-Partenkirchen, Germany, would prefer to see Russia at the table of the forum of the 'Seven', but it will not happen as long as Russia continues to "act aggressively against Ukraine or other countries," the chairman of the European Council, Donald Tusk, said today at a press conference before the start of the summit.
The official representative of the UN Secretary General, Stephane Dujarric, said that Ban Ki-moon will take part in the G7 summit in Germany, after which he will start his tour of Central Asia countries.
German Foreign Minister Frank-Walter Steinmeier said that Russia could be re-admitted to the G7 after demonstrating its commitment to the Minsk Agreements. German Chancellor Angela Merkel added that Russia's absence from the G7 summit was necessary. She noted that the fights in the east of Ukraine and the annexation of Crimea by Russia broke the peace created after WWII.
Steinmeier: world needs G8, not G7Europe needs Russia to come back in G8, German Foreign Minister Frank-Walter Steinmeier said.“We need Russia to settle the frozen conflicts in Europe, Syria, Iraq, and Libya and also in dealing with issu
The G-7 leaders' decision not to invite Russia to their forthcoming summit in Bavaria on June 7-8 is a misstep, former German Chancellor Gerhard Schroeder said."I think it was a mistake not to invite the Russian President to the G7 summit," he stressed.According to Schroeder, "Russia has an alternative to Europe, but not vice versa."He also confirmed his friendly relations with President Putin.