Re: The Rise of the Russian Empire: Russo-Armenian Relations
The Russian administration is certain of its actions under the conditions of the economic crisis, including the actions to support state-run and private-owned enterprises, the smooth devaluation of the ruble and the development of employment programs. These are the main theses of Dmitry Medvedev's interview to Rossiya TV channel.
The interview has dotted all i's. The president acknowledged that he considered the anti-crisis policy his personal responsibility. Medvedev highlighted two issues - the devaluation of the Russian currency, the ruble, and the growing level of unemployment.
Medvedev approved the actions of the Central Bank to weaken the rate of the national currency. "Unfortunately, we have begun to receive less income recently, and our payments in foreign currency have increased. We had to make such changes, but we needed to conduct them in a quiet way, and this is exactly what the Central Bank did, I believe. I am not saying that the ruble must freeze now. The Central Bank believes that the current currency rates mirror the real state of our currency and its current solvency," the president said. The Central Bank will watch the current rate closely and any sudden fluctuations will thus be excluded, Medvedev added.
It seems once again that Russia has the right man for the right time. Having headed the highly successful Gazprom, Dmitry Medvedev is a steady hand with a calming influence. He is not given to panic or drastic measures. He is also quite mindful of the common ordinary citizen and his/her problems.
The economic crisis gripping the globe cannot but affect Russia. It is totally unavoidable. Russia has dealings with other countries that are affected in a most negative way.
But Russia's leaders, beginning with Vladimir Putin have seen to it that Russia's economy is built upon a solid foundation of gold reserves and a balanced budget, so the currency has back up. The country is blessed with great resources. Russia will weather the storm. Already the rainbow can be seen...
Russia Will Weather the Storm
The Russian administration is certain of its actions under the conditions of the economic crisis, including the actions to support state-run and private-owned enterprises, the smooth devaluation of the ruble and the development of employment programs. These are the main theses of Dmitry Medvedev's interview to Rossiya TV channel.
The interview has dotted all i's. The president acknowledged that he considered the anti-crisis policy his personal responsibility. Medvedev highlighted two issues - the devaluation of the Russian currency, the ruble, and the growing level of unemployment.
Medvedev approved the actions of the Central Bank to weaken the rate of the national currency. "Unfortunately, we have begun to receive less income recently, and our payments in foreign currency have increased. We had to make such changes, but we needed to conduct them in a quiet way, and this is exactly what the Central Bank did, I believe. I am not saying that the ruble must freeze now. The Central Bank believes that the current currency rates mirror the real state of our currency and its current solvency," the president said. The Central Bank will watch the current rate closely and any sudden fluctuations will thus be excluded, Medvedev added.
It seems once again that Russia has the right man for the right time. Having headed the highly successful Gazprom, Dmitry Medvedev is a steady hand with a calming influence. He is not given to panic or drastic measures. He is also quite mindful of the common ordinary citizen and his/her problems.
The economic crisis gripping the globe cannot but affect Russia. It is totally unavoidable. Russia has dealings with other countries that are affected in a most negative way.
But Russia's leaders, beginning with Vladimir Putin have seen to it that Russia's economy is built upon a solid foundation of gold reserves and a balanced budget, so the currency has back up. The country is blessed with great resources. Russia will weather the storm. Already the rainbow can be seen...
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