Putin says current economic situation is provoked by external factors via ForexLive

  • Central bank and government are taking adequate measures
  • Ruble rise in unavoidable
  • Central bank is not going to waste its reserves thoughtlessly
  • Current unfavourable situation might last for 2 years
  • Things could have been done more efficiently to support market stability (oooh someones not getting a pressie from Putin this year)
  • Economy will adapt to difficulties if they continue
  • CBR needs to continue tightening ruble liquidity
  • Steps to ensure financial stability should be taken a step faster
  • It's not only CBR that is responsible for current situation (he's doesn't sound a happy bunny with his central bank)
  • Russian crisis is not a penalty for bringing Crimea into Russia
  • NATO's eastward expansion is like building a new Berlin wall
  • Moscow ready to mediate Ukraine crisis and resolve situation via political means

USD/RUB is still volatile as it falls from just shy of 64.0 to 62.05 in about 10 minutes

posted via ForexLive

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