MOSCOW, September 9. /TASS/. The Russian economy is hedged from the risks related to global economic volatility, which do not influence Russia’s macroeconomic indicators, Kremlin Spokesman Dmitry Peskov told reporters on Wednesday.
"That is, of course, a question to be addressed to the government," he said when asked whether the Kremlin is worried about the recent exchange rate volatility of the ruble.
"I can only say that certain volatility existed previously as well, and oftentimes, almost always, the ruble bounced back. That is why though volatility currently exists as the global economic environment is unstable now, and volatility in various sectors of the global economy cannot but influence (Russia), I should note again that it does not influence macroeconomic indicators of the Russian economy, which is hedged from risks due to the government’s economic policy," Peskov explained.
The exchange rates of national currencies and other parameters are monitored daily, he added.
The ruble’s exchange rate has demonstrated negative dynamics since the beginning of this week. Particularly, the euro exchange rate exceeded 90 rubles on Monday, September 7, for the first time since February 2016, while the dollar exchange rate rose above 76 rubles first since August 26. Earlier on Wednesday Russia’s national currency returned to the green territory. As of 12:45 am Moscow time, the dollar was trading at 75.94 rubles, down by 0.45% compared with the previous closing, whereas the euro was trading at 89.41 rubles (-0.45%).