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
Putin is expected to voice his stance on the issue not earlier than during the annual press conference due on Thursday, the report says. Peskov confirmed that the event is to be held “routinely.”
On Tuesday, Russian Prime Minister Dmitry Medvedev chaired a government meeting on the financial and economic situation in the country. Russian Economic Development Minister Alexey Ulyukayev said Russian government members have worked out measures to stabilize the currency market.
The situation is very complex but “we are not the first and we’re not the last to pass through similar circumstances,” Ulyukayev said. “In this respect, it is important to ensure the unity of actions by the Bank of Russia and the government,” he said.“These actions will be aimed at ensuring greater balance between demand and supply on the domestic foreign currency market,” he said.
Russia’s Central Bank suddenly raised the key rate early on Tuesday by 6.5 percentage points to 17% in an attempt to halt the ruble’s devaluation.
Many market participants expected a sharp rate increase at the Central Bank’s interest rate policy meeting on December 11 but the regulator increased the main lending rate by just one percentage point to 10.5% The market shrugged off the regulator’s decision and the ruble continued its free fall.
After the rate decision, the ruble strengthened against the dollar and the euro but resumed its steep fall afterwards.
Russian Central Bank Chief Elvira Nabiullina said the ruble was falling under the impact of external factors.