*
Rouble also weakens against yuan, most traded foreign
currency
in Russia
*
US imposed more sanctions on Russia on Friday
*
Finance ministry announcement on Friday supported the
rouble
(Adds forex interventions in paragraph 5-9, analyst quote in
paragraph 11, bullet points)
MOSCOW, Jan 13 (Reuters) - The Russian rouble eased
against the U.S. dollar and China's yuan on Monday as rising oil
prices and increased forex sales by the state cushioned the
impact of new U.S. sanctions designed to curb Russia's oil and
gas revenue.
The rouble was down 0.7% at 102.45 against the dollar
by 1000 GMT, over-the-counter market data showed. The rouble
weakened 0.8% to 13.81 against the yuan in trading on the Moscow
Stock Exchange (MOEX).
The yuan has become the most traded foreign currency in
Russia, with China using it to pay for energy imports from
Russia.
The U.S. Treasury on Jan. 10 imposed sanctions on Russian
oil producers Gazprom Neft and Surgutneftegaz, as well as 183
vessels that have shipped Russian oil. Oil prices have since
risen above $81 a barrel, the highest in more than four months.
The rouble drew support from an announcement by the Finance
Ministry on Friday that implied net forex sales by the state
would rise by almost one third to 4.76 billion roubles ($46.42
million) per day from Jan. 15.
Under a complex scheme of foreign currency operations, the
central bank buys and sells forex to ensure supply on the
domestic market and to act on behalf of the finance ministry,
which runs the rainy day National Wealth Fund (NWF).
The central bank cannot buy and sell dollars and euros
because of Western sanctions, making the yuan the clear choice
for forex interventions.
The central bank propped up the rouble last December by
deferring purchases of foreign currency on behalf of the finance
ministry. The rouble touched its lowest in around 2-1/2 years in
November in response to the previous U.S. sanctions package.
It has since regained some of the lost ground and stabilised
at around 100 to the U.S. dollar, a level seen as a new
equilibrium by the market.
Analysts said expectations of Russia-U.S. talks, flagged by
the incoming administration, also supported the rouble.
"Geopolitics will remain the key factor influencing the
rouble's exchange rate in the near future," T-Bank analysts
said.
One-day rouble/dollar futures, which trade on MOEX and are a
guide for the over-the-counter exchange rate, were up 0.5% at
103.53. The Russian central bank set the official exchange rate
at 101.91.
($1 = 102.5500 roubles)