Macro advisory in moscow. He said the situation for the russian currency is unique. You should not be looking at it in the same way as if there was a slide in a normally functioning economy or a european economy. The rouble is entirely managed now by the central bank in conjunction with the Finance Ministry, and has been since we last saw the rouble collapse down to about 130 in march of last year. So the Central Banks priority last year was to keep the Rouble Exchange rate high at around 60, because it was tackling inflation, but this year, because of the sanctions impact and because that has led to a big hit on the value of russias oil exports in particular, they have devalued the rouble in order to compensate for that fall in dollar terms. In other words, weaker rouble translating dollars into a higher rouble amount to balance the budget. Thats been the priority this year. It doesnt reflect an imminent crisis. Sort of a broad collapse in the economy. Its the result of the central Ba
Of £115 million. Liverpool agreed a deal four million shy of that figure for the 21 year old on friday. But caicedo s favoured chelsea and they have finally succeeded with a bid after having a number of offers knocked back by brighton. Caicedo will become chelseas eighth signing of the summer. Theres been another coup for the Saudi Pro League. Brazilian star neymar is leaving Paris Saint Germain tojoin al hilal. The fee is understood to be around 90m euros, plus add ons. The two year deal is subject to the 31 year old completing a medical and all the necessary paperwork. It comes after it became clear neymar was not part of new coach Luis Enriques plans for the new season at p56. Solves a problem for ps6 because i dont think they really wanted name are there any more. Wanted neymar there any more. Also it is good news for the Saudi Pro League because amongst a number of star names clearly the move the move this summer, neymar is one of the biggest in football. Everton have released a
It was a strange experience to be safe and then there is bacteria, they found it in the water. It is kind of off, but what can i say . I have to go with the others. It is only a week ago the first people were moving in. But the same day tests showed bacteria in the water and Council Officials met the contractor operating the vessel and on wednesday further samples were taken and there was a further meeting on thursday and people were moved on friday. People were moved as soon as ministers were aware. No people have had health assessments, there has been no concerns in terms of people that have been on the barge. This was intended to be a big, bold demonstration of the government getting tough, tackling immigration, stopping the small boats. Yet it is starting to illustrate how complicated the issues can be and how difficult it is to find solutions. Itjust seems a mess, everything they seem to do ends like this, where they are stuck by some legislation. If youre going to put people on t