Three young men detained in Moscow for throwing flares at US ambassador’s residenceWorld October 25, 22:02
Kremlin gives no comment on alleged US carte blanche to Russia for Aleppo operationRussian Politics & Diplomacy October 25, 21:44
German ARD TV channel to go any length to win case against Russian athlete — lawyerSport October 25, 21:24
Russian, German top diplomats discuss humanitarian situation in Aleppo — ministryRussian Politics & Diplomacy October 25, 20:09
Russia moves up to 40th place in Doing Business-2017 rating — World BankBusiness & Economy October 25, 20:04
Russia hopes to receive roadmap from IPC on Paralympic membership soonSport October 25, 20:03
Lukoil warns about fake "namesake" company in UKBusiness & Economy October 25, 19:39
Russia keeps urging West to set up wide coalition against terrorismRussian Politics & Diplomacy October 25, 19:37
The farthest shore: peaceful images of Russia's Primorsky KraiSociety & Culture October 25, 19:17
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.