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PM Medvedev assures Russia’s economic situation 'under control'

The situation is "under control in general" and the markets are recovering

ST. PETERSBURG, April 12. /TASS/. The situation in the national economy is generally under control and financial markets are recovering from the decline after strengthened US sanctions, Russia’s Prime Minister Dmitry Medvedev said on Thursday.

"You know the latest developments, when the next US package of sanctions was approved and our stock and currency market responded rather emotionally. The decline in stock indexes affected indicators of Russian companies also," Medvedev said.

"While the situation is under control in general terms, we see that markets show mixed dynamics and recovering. The situation nevertheless needs close attention of the government and persons responsible for the state of affairs in the financial sphere," he added.