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Russia managed to create stable macroeconomic structure, Medvedev says

The financial model for development of the Russian economy does not require adjustment; it is more stable than development models of developed economies, the prime minister said

MOSCOW, April 17. /TASS/. The current monetary policy in Russia is not perfect but it enabled withstanding sanctions and creating a stable macroeconomic structure, Prime Minister Dmitry Medvedev said on Wednesday.

"I do not want to say it [the monetary policy - TASS] is ideal but in any case, this policy made it possible for us to withstand in the most complicated period, in the period when all these financial sanctions were directed against us, when capital markets were closed and we had to solve tasks of our domestic survival and development on account of internal resources," the Prime Minister said. "We did manage to create the stable macroeconomic structure and everyone recognizes this at present," he said.

The financial model for development of the Russian economy does not require adjustment; it is more stable than development models of developed economies, Medvedev said.

"Experts from different countries, various rating agencies say that the financial development model of our national economy is stable; it is more stable than the financial model of the whole range of developed economies, often used as an example for us," the Prime Minister said. "I do not consider necessary in this regard to make any significant change in this model, because this model provides us with an opportunity to develop while keeping low inflation rate," he added.

"Our reserves are growing and our opportunities of using additionally generated funds are increasing with us," Medvedev noted.