Pravda.ru / Russia

On Tuesday, October 17, the Russian Parliament, the State Duma, gave the first reading to the draft law to revoke the ratification of the Comprehensive Nuclear Test Ban Treaty (CTBT). Commenting on the vote on the bill, Duma Speaker Vyacheslav Volodin wrote that the withdrawal of the ratification should "contribute” to ensuring Russia's security against the backdrop of the US refusal to ratify the CTBT. "Washington should finally understand that hegemony on their part does not lead to anything positive. There is a need for dialogue on the principles of mutual respect, absence of double standards, and non-interference in the affairs of sovereign states. The Russian Federation will do everything to protect its citizens and ensure that global strategic parity is maintained," Vyacheslav Volodin wrote on Telegram.

Starting from May, Russia may start buying foreign currency for its reserves again. The country's budget has stabilized thanks to the growth of oil and gas export revenues, Bloomberg reports. The growth in revenues from the sale of energy products is already close to the target level. Since February of this year, the Russian Ministry of Finance has been selling reserves in Chinese yuan to cover the budget deficit. In April, sales collapsed by 50 percent compared to the beginning of the year. From May, purchases are likely to begin, Bloomberg notes. Such purchases can be relatively small at first — an equivalent of about $200 million in yuan. For the time being, Russia currently replenishes the National Welfare Fund only by purchasing Chinese currency.