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