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Kremlin says Russia has enough tools to survive 'emotional' market reaction

Published 02/24/2022, 06:16 AM
Updated 02/24/2022, 06:22 AM
© Reuters. FILE PHOTO: Kremlin spokesman Dmitry Peskov attends an annual end-of-year news conference of Russian President Vladimir Putin, in Moscow, Russia, December 23, 2021. REUTERS/Evgenia Novozhenina/File Photo

MOSCOW (Reuters) - Kremlin spokesperson Dmitry Peskov on Thursday said Russia has created enough safety tools to survive market volatility and said that the "emotional" financial market reaction to Russia's invasion of Ukraine would even out.

© Reuters. FILE PHOTO: Kremlin spokesman Dmitry Peskov attends an annual end-of-year news conference of Russian President Vladimir Putin, in Moscow, Russia, December 23, 2021. REUTERS/Evgenia Novozhenina/File Photo

Peskov said all necessary measures were being taken to ensure that the market reaction was as brief as possible.

The rouble bounced off all-time lows on Thursday as the central bank announced FX interventions after President Vladimir Putin ordered Russian forces to invade Ukraine, a move expected to trigger new harsh sanctions against Moscow.

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