Russian sappers demine in recaptured Aleppo districts more than 24 hectaresMilitary & Defense December 11, 15:09
Explosion in Cairo’s cathedral complex leaves 25 killed, 50 injured - televisionWorld December 11, 15:06
Putin offer condolences to Erdogan after Istanbul terrorist attackRussian Politics & Diplomacy December 11, 15:04
Putin offers condolences to Nigeria’s leader following terrorist attack in MadagaliRussian Politics & Diplomacy December 11, 15:03
Erdogan cancels visit to Kazakhstan due to Istanbul terrorist attack - newspaperWorld December 11, 11:15
The deal of buying Rosneft's 19.5% stock is outside sanctions - sourceBusiness & Economy December 11, 11:12
Syrian military supported by the Russian aircraft repel IS attacks near PalmyraWorld December 11, 11:10
Five people die in fire in Tatarstan-emergencies ministrySociety & Culture December 11, 11:04
Turkey declares one day of national mourning over Istanbul terrorist attackWorld December 11, 7:10
MOSCOW, November 18. /TASS/. Russian financial markets are now more stable and ready for oil price fluctuations, Central Bank Chief Elvira Nabiullina said on Tuesday.
“Now the financial markets are stable, and the banking sector continues to operate normally,” Nabiullina said in the lower house of Russia’s parliament.
The Russian financial system is now more stable than in the previous years and is far better prepared for considerable oil price fluctuations and other negative external factors, the Central Bank chief said.
The Russian regulator’s decision to switch to a freely floating ruble was not sudden or premature, Nabiullina noted.
“The transition to a freely floating ruble requires a period of adaptation and the exchange rate can’t be set free sharply. The market had a possibility to gradually adapt to it,” she said in the lower house of Russia’s parliament.
“The Central Bank planned to complete the transition to a freely floating ruble by the end of this year. So, the decision, which we made on November 10, was neither sudden nor premature,” she said.