Russian CB head out on the wires along with a host of others 10 April

  • US sanctions naturally cause market drop, higher volatility
  • takes time for markets and economy to get used to sanctions
  • no risks to financial stability for now

Economy minister Oreshkin:

  • recent market sell off triggered by US sanctions is just market volatility
  • floating rouble rate will help mitigate impact of sanctions

Deputy PM Dvorkovich:

  • US sanctions have created uncertainties for all investors
  • key thing now is to minimise this uncertainty

All hands to the pump it would appear as Russia's RTS equity index falls 2%, lowest since Aug 2017. USDRUB up to 62.00 extending earlier losses.

USDRUB