British media accuse Russian footballers of doping after failure to host 2018 World CupSport June 29, 14:08
Diplomat reassures that Russia, US ‘not in state of conflict’ over SyriaRussian Politics & Diplomacy June 29, 13:39
Kiev court decides to try ex-president accused of high treason in absentiaWorld June 29, 13:34
Moscow warns US of tit-for-tat response to diplomatic property seizureRussian Politics & Diplomacy June 29, 13:30
US aviation authorities notify Aeroflot of extra air-safety measuresBusiness & Economy June 29, 13:18
German top diplomat suggests gradual relief of anti-Russian sanctionsWorld June 29, 13:04
Press review: EU haggles with Russia over Ukraine and Kurds count on Moscow's responsePress Review June 29, 13:00
Indian Navy content with Russian-made aircraft carrierMilitary & Defense June 29, 12:37
Putin's aide points to US internal power struggle as undermining White House policyRussian Politics & Diplomacy June 29, 12:25
MOSCOW, December 17. /TASS/. Russia has foreign currency resources, Prime Minister Dmitry Medvedev said at a meeting with officials from the economic block of the government, the Central Bank and top managers of largest Russian companies.
“There are economic instruments needed to satisfy the specific demand,” he noted.
The Russian ruble cannot but react to sanctions but its current exchange rate by no means agrees with the real picture and has already gone beyond the bounds that are comfortable for the economy, Medvedev said.
He identified two fundamental causes for the ruble’s fall that did not depend on Russia — plummeting oil prices and foreign political pressures, including sanctions.
“The financial markets our banks and companies used to have access to are practically closed. Of course, the ruble cannot but react to this, but the rates we have seen at exchange offices over the past few days do not correspond to the objective picture. They are unreasonably beyond the bounds that are comfortable for the economy and the people,” he said.
Medvedev said he finds it unreasonable to introduce tough regulations on currency market in Russia. “It is senseless to introduce extremely tough regulations in this sphere which have already been in effect at some period of time as this will result in nothing useful,” he said.
The Russian Central Bank and government have jointly developed a package of measures to stabilize the situation on the country's financial market, the prime minister said "We will coordinate our actions," Medvedev said.