“Medvedev explained the reaction of the Russian markets on the latest US sanctions emotions

The fundamental reason for this was not, says the Prime Minister

Prime Minister Dmitry Medvedev believes that there are no fundamental reasons for turbulence in the Russian financial markets, which took place after the introduction of the new package of us sanctions, in fact, was not.

In interview to the program “Vesti on Saturday” on TV channel “Russia 1” (VGTRK), he explained the reaction of the Russian markets to the imposition of sanctions solely to the emotions.

“Emotional reactions does not mean that there are some fundamental problems. The economy is a very emotional story. Economy – it is much more depends on the people. See: decisions of foreign States, international organizations like OPEC, the regional conflicts, Yes, even natural disasters, all reflected on the global economy”, – said the head of government.

Therefore, according to him, “such actions are reflected on our stock, the foreign exchange market”.

“But now everything has calmed down because it wasn’t – we just said there are no fundamental reasons,” – said Medvedev.

He noted that the fundamental reason was not “because we have reached a high degree of stability of the economy.”

The Russian stock market fell on April 9, the maximum since March, 2014 – loss index Mosberg and RTS following the results of day has made 8,3-11,4%, and the Russian businessmen for a day has lost more than $12 billion According to experts of “Interfax-CEA”, the strong falling of the Russian stock market was the result of the aggravated situation in Syria after missile attack on the air base, “Tifor” in HOMS province.

In addition, the market has also pressed anti-Russian sanctions imposed by the U.S. Treasury on April 6 against seven Russian businessmen, 12 companies, 17 government officials of the Russian Federation and one company of the Russian Federation on the arms trade and associated Bank. These sanctions were imposed according to the results released in January 2018, “the Kremlin report”, which, in turn, is the implementation adopted in the US in early August, 2017 law “On counteraction to opponents of the United States through sanctions” (Countering America’s Adversaries Through Sanctions Act, CAATSA).

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