Putin supported the policy of the Central Bank and the government on macroeconomic stability


Putin supported the policy of the Central Bank and the government to ensure macroeconomic stability.

The President of the Russian Federation is convinced that it is impossible to reduce the rate of the Central Bank administratively.

The policy of the state in the financial sector

Putin calls for responsible policy of the state in the financial sector.

“Despite the difficult financial and economic situation, we continue responsible policy in the field of public Finance”, – he said at a press conference.

About foreign exchange reserves

Russia’s international reserves amount to billions of dollars, which is a solid reserve, said Vladimir Putin.

“International reserves amounted 364,4 billion (dollars). They are a little bit decreased, but, still, this is a very solid value,” he said.

He also drew attention to the positive trade balance, despite a lower turnover. “The trade surplus remains, and on a sufficiently serious level to 126.3 billion dollars,” the President said. In addition, decreased external debt of the Russian Federation and the outflow of capital from the country, Putin said.