Russia 'won't react to rumours' over euro

A senior Russian central bank official said on Monday 6 June that reports Italy and Germany could drop the euro were "just rumours," and said Russia has no intention of changing its reserves structure.

The Russian central bank is one of the largest buyers of euros in the world and currently holds 30 percent plus or minus 5 percent of its total reserves in euros, Central Bank deputy chairman Alexei Ulyukayev said, according to Dow Jones Newswires.

Ulyukayev's comments came after an Italian minister

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Geoeconomic reserve management

The world order is evolving. Whether, and how, the international economy remains integrated or shifts into spheres of influence has consequences for central bank policy and reserve management.

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