Putin says Russian economy, ruble stable against external shocks

MOSCOW, Dec 19 (PRIME) -- The Russian economy has adapted to the external shocks, and the ruble has become stable against fluctuations in oil prices, President Vladimir Putin said on Thursday during his annual press conference.

“Let’s look at the U.S. imposing restrictions against China, these are sanctions as well, and it actually had an impact on the global economy. The international trade level fell immediately. The longer this goes on, the deeper it will fall…And we also suffer from that as it hurts demand for our major export goods,” Putin said.

“There is nothing good in that, but I can say with full responsibility that our economy has adapted to the external shocks, and our national currency has become much more stable against possible fluctuations in energy prices too. This to some extent means unlinking of our economy and the national currency from the global oil markets.”

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