Activists in Berlin stage picket condemning Obama’s foreign policyWorld January 19, 21:17
Russian regulator promises to respond to any US restrictions of RT channelRussian Politics & Diplomacy January 19, 21:09
FIFA: Over 82,400 ticket requests applied globally for 2017 Confederations Cup in RussiaSport January 19, 20:17
Russia stands for developing legal tool to fight cyber hooliganismRussian Politics & Diplomacy January 19, 20:00
Russia is developing advanced hypersonic weapons — ministryMilitary & Defense January 19, 19:50
Former USSR leader receives Lithuanian court’s summons as witness in case over 1991 eventsWorld January 19, 19:29
FIDE chief says he plans to seek US entry after President-elect Trump’s inaugurationSport January 19, 18:56
Russian economy minister: Results of 2016 demonstrated adjustment to cheap oil, sanctionsBusiness & Economy January 19, 18:44
Russia ready to welcome Trump at economic forum in St. Petersburg — first deputy PMBusiness & Economy January 19, 18:29
KIEV, September 1 (Itar-Tass) —— The Ukrainian government has prepared a comprehensive package of measures to prevent crises in the economy, Prime Minister Nikolai Azarov said, as he delivered a lecture in front of an audience of students at Kiev’s Taras Shevchenko National University.
"First of all, it is necessary to maintain the stability of the national currency - the hryvnia. To do this we spend currency very sparingly, keep the currency reserves at the required level, completely covering all our needs for imports,” Azarov said. “We will do everything to achieve an influx of capital into the country, thereby increasing foreign exchange reserves."
He said with certainty that in ten years’ time “the Ukrainians will be chasing the hryvnia, not the dollar."
"The stability of the lives of our citizens and the economy is based on the stability of the currency. If all goes as we expect, in ten years’ time we will be chasing the hryvnia, not the dollar, especially so because the dollar is weak," said Azarov.
He declared that the government was seriously working on a program for import substitution.
"We must stop making more debts, we must borrow in the minimal amounts. First of all, we must repay the existing debts,” the prime minister added. “Within the framework of import substitution we can keep borrowing, but we shall do this with caution. The government should not squander resources, it should save money and always have a rainy day reserve."
He believes that there are “no fundamental reasons for the crisis,” and he ruled out "a full-scale crisis like the one that occurred previously."