The G7 will announce measures to reassure markets in case of withdrawal of Britain from the EU

Financial leaders “the big seven” will release a statement in which they declared the readiness to take all necessary measures in order to reassure the markets, if the UK vote to leave the European Union, Reuters reported government sources familiar with the situation. According to them, currently there are negotiations on the content of this application. It will confirm the agreement among the G7 countries that “excess volatility and disorderly currency movements undesirable,” said one of the interlocutors edition.

As writes Reuters, citing sources, a separate application can release and the Japanese Minister of Finance Taro ASO to avoid excessive growth of the yen in the event of Brexit.

Earlier Thursday, at 9:00 GMT in the UK began a referendum on the country’s withdrawal from the European Union.

The surveys conducted in preparation for the vote, testified about the same number of supporters and opponents of withdrawal. The latest survey on the issue of company YouGov, published by The Times on Thursday, however, showed a slight superiority of the opponents of Brexit.

During the time preceding the referendum, views were expressed about the negative consequences of a British exit from the EU. British Finance Minister George Osborne warned that the victory of the supporters of Brexit, the Cabinet will have to find 30 billion ($42.9 billion) in four years.

Economists also spoke about the impact of leaving the EU on the pound. In particular, a Bloomberg survey of economists had predicted in this case, the fall of the pound to 30-year low at below $1,35. Billionaire George Soros, meanwhile, said on 21 June that pound at the exit of Britain from the EU can be compared with the Euro.

As mentioned earlier, governments, Central banks, investors around the world warned that Britain would vote for exit, the volatility of the financial markets will soar, stocks and commodities can fall. In Russian business and the authorities also monitoring the vote for Brexit, fearing above all the short-term effects of volatile markets and declining asset prices.

In particular, the head of Sberbank German Gref at the St Petersburg international economic forum (SPIEF) stated the possible negative consequences of Brexit on the Russian economy. According to him, the withdrawal of Britain from the EU could lead to a reduction in Russia’s GDP by 1% and a drop in shares of Russian companies by 5-10%. “It will have a very negative impact on our economy, on our exchange rate and on the investors in Russian securities. I’m not sure if this is going to continue in the long term, but the first reaction can be very bad” — said Gref.