Dmitry Medvedev acknowledges negative impact of Western sanctions and oil prices fall on Russian economy

  17 December 2014    Read: 644
Dmitry Medvedev acknowledges negative impact of Western sanctions and oil prices fall on Russian economy
Russian Prime Minister Dmitry Medvedev discussed the ruble rate and other economic issues during a meeting with a group of financial officials, Central Bank leadership and the management of Russia
“It’s been acknowledged that the ruble today is undervalued and its exchange rate on the trading floor doesn’t reflect the actual situation in the economy,” Medvedev said.

Medvedev admitted that part of the economic issues was due to the oil prices fall.

He mentioned that, as a result of the Western sanctions, foreign markets are almost closed to Russian companies and banks.

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