Source Pravda.Ru

Prime Minister Medvedev comments on the collapse of the Russian ruble

 

Prime Minister Dmitry Medvedev, at a meeting with representatives of the financial and economic bloc of the government, stated that one needs to restore order on the currency market as quickly as possible, Interfax reports. 

Prime Minister Medvedev stressed out that the exchange rate of the Russian ruble has gone beyond the comfortable range for the national economy.

"The numbers that we can see in exchange offices over the past few days do not correspond to objective reality. They have gone beyond the range that is comfortable for both economy and people. It is in our common interests to restore order on the currency market as soon as possible," said Medvedev, stressing out that neither citizens, nor banks and the real sector needed the current instability. 

Medvedev also said that Russia was not going to introduce extremely strict measures of regulation on the currency market. "There is no point in introducing extremely strict regulation measures for this sector. It won't do any good," Dmitry Medvedev said at the meeting of the government. 

The prime minister also said that the Central Bank, together with the government, developed a package of measures to stabilize the situation. "We will act in concert here," Dmitry Medvedev said.