Deputy PM says govt must minimize uncertainty after sanctions

MOSCOW, Apr 10 (PRIME) -- The new U.S. sanctions have created significant uncertainty for investors, and Russia should minimize it as soon as possible, Deputy Prime Minister Arkady Dvorkovich said at a stock market forum on Tuesday.

“Market quotations are formed on the basis of expectations. Sanctions against the Russian companies, including systemically important companies, which have been imposed recently, create considerable uncertainty for all investors, for everybody who works on the financial market,” he said.

“The uncertainly is evidently making investors act in a maximally conservative way. The local uncertainly is too high and the reaction is predictable indeed… Now it is vital to minimize it by ensuring stable and smooth operations of companies that employ hundreds of thousands of people.”

The government is ready to take steps to stabilize the companies’ operations, Dvorkovich added.

The official also said that the share of the state in the country’s economy should be reduced by establishing new private firms.

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