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Kremlin says Russia has enough tools to survive ’emotional’ market reaction -Breaking

by Mike Robinson

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© Reuters. FILEPHOTO: Kremlin spokeswoman Dmitry Peskov is at the Russian President Vladimir Putin’s annual end-of–the-year press conference, Moscow, Russia on December 23rd 2021. REUTERS/Evgenia Novozhenina/File Photo

MOSCOW (Reuters), a Kremlin spokesperson Dmitry Peskov said Thursday that Russia had created sufficient safety tools to withstand market volatility. He also said that there would be no “emotional reaction” in the financial markets to Russia’s invasion.

Peskov claimed that every measure was being taken in order to keep the market’s reaction as short as possible.

After President Vladimir Putin’s order to invade Ukraine with Russian military forces, Thursday saw the central bank announce FX interventions. These actions were expected to bring about new tough sanctions against Moscow.

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