Three Russian fans stabbed after football match in BelgradeSport March 26, 3:28
Russia ready to take part in restoring oil production in Syria - energy ministerBusiness & Economy March 26, 3:27
Moscow disappointed over new US sanctions against Russian companies - Foreign MinistryRussian Politics & Diplomacy March 26, 1:28
US sanctions 8 Russian companies over non-proliferation lawWorld March 25, 21:53
Russia's Defense Ministry says US-led coalition unlikely to launch battle for Raqqa soonRussian Politics & Diplomacy March 25, 19:06
Russia cuts oil production by 185,000 barrels per day as of today — energy ministerBusiness & Economy March 25, 18:30
OPEC has no objections to speed of Russia's oil production cutsBusiness & Economy March 25, 12:38
Opposition leader Vladimir Neklyayev detained in Belarus - news agency directorWorld March 25, 5:33
Russia submits amicus curiae brief to US Supreme CourtRussian Politics & Diplomacy March 25, 3:34
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.