The balances of correspondent accounts at Russian commercial banks wentdown this morning. They decreased by 2.6bn rubles (about $82m) in Russiaand 2bn rubles (about $63m) in the Moscow region.A fall in the balances of correspondent accounts continued for the secondday in a row. Over the past two days, the balances at correspondentaccounts dropped 6.4bn rubles ($203m) to less than 71bn rubles ($2.25bn) inRussia and 3.3bn rubles ($105m) to a little more than 38bn rubles ($1.2bn)in Moscow. These figures, which were the lowest over the past week, haveaggravated the ruble deficit on the Russian currency market. This, in turn,resulted in a noticeable fall in the dollar exchange rate at this morning'strading session as well as on the interbank market..
The choice of the city of Helsinki is not incidental as the capital of Finland had hosted US-Soviet negotiations on the limitation of nuclear stockpiles in 1969