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Medvedev urges government to watch financial markets

Prevention of a significant increase of the unemployment rate and fulfillment of social obligations will remain priorities, as before,” Medvedev told

DIMITROVGRAD, Ulyanovsk region, September 26 (Itar-Tass) —— Russian President Dmitry Medvedev demanded that the government should closely watch the developments on the global financial market. Fulfilling social obligations will remain the priority.

“There is a need to analyze most attentively the events on the world and European markets. Prevention of a significant increase of the unemployment rate, stability of the financial system and fulfillment of social obligations will remain priorities, as before,” Medvedev told the meeting of the Commission on Modernization and Technological Development of Russia’s Economy.

Medvedev stressed that the situation in the global economy “cannot but cause concern.” “We are now in a situation when we already have experience of quite successfully coping with most acute crisis phenomena,” he said. “There is no need to waste time on preparing all the necessary instruments. This does not mean that they will be needed,” he said.

“Still it is necessary to analyze most attentively the events on the world and European markets,” Medvedev said, addressing the leaders of the government and the Bank of Russia.

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