Lavrov, Kerry discuss militants’ withdrawal from Aleppo — Russian foreign ministryRussian Politics & Diplomacy December 08, 21:00
Lavrov: Combat actions in Aleppo suspended to take civilians out of cityRussian Politics & Diplomacy December 08, 20:56
Bach says WADA to play part in deciding on 2021 IBU World Championship in RussiaSport December 08, 20:44
Gazprom signs contract for construction of Turkish Stream’s first line with AllseasBusiness & Economy December 08, 20:03
Russian Energy Ministry confirms non-OPEC countries meeting date as December 10 in ViennaBusiness & Economy December 08, 19:59
IOC chief Bach urges personal approach system to fight doping abuse in sportsSport December 08, 19:51
Deripaska’s suit against Montenegro falls under investment protection pact — CEACBusiness & Economy December 08, 19:35
Putin says Moscow will never accept West’s position on death of Russian medics in SyriaRussian Politics & Diplomacy December 08, 18:44
Court postpones trial of FAS fine against Google until January 17Business & Economy December 08, 18:42
MOSCOW, December 29. /TASS/. High volatility of the currency has led to big problems in the Russian Economy, not exchange rate values, Economic Development Minister Alexey Ulyukayev said Tuesday in an interview with Rossiya 24 TV channel.
"It's not so much the high or low value of the currency or that the dollar is worth 30 or 70 rubles, it's the high volatility of the currency that is the problem," Ulyukayev said.
Ulyukayev added that Russian companies "are not always able to adapt" to such high volatility, because "dependence on imported raw materials, on imported components is high." "Many banks value access to the global capital markets, debt refinancing for borrowers is hindered. All this led to big problems," the Minister said.
"The good news is that the Russian economy, the Russian business showed ability to adapt," Ulyukayev concluded.