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Dmitry Medvedev arrives on stage at the Asia-Pacific Economic Cooperation (APEC) CEO Summit in Manila, the Philippines, on Wednesday, Nov. 18

Foreign Investors Can Buy More Russian Assets Now That Ruble is Weak — Medvedev

The situation in the Russian economy and the financial system is stable enough, according to Prime Minister of Russia Dmitry Medvedev. 

Russia manages to cope with fluctuations in world oil prices and keep the interest of investors, Medvedev stated at APEC CEO Summit in Manila, according to Interfax.

At the same time, the PM acknowledged that “today Russia, as a lot of countries in the world, is going through a difficult period.” It can be one of the toughest periods for Russia, Medvedev acknowledged.

“It is of serious, fundamental importance for us that oil prices plummetted and the ruble has fallen sharply this year. Moreover, Russia has been faced with a tough sanctions pressure for over a year now, which of course does not help our economic situation,” Medvedev was quoted as saying.

However, “most of the foreign companies that operate in the country are trying to preserve their presence in Russia. Along with  the negative factors, foreign investors, obviously, found some positive moments in the country.”

“Weakening of the ruble gave foreign investors the opportunity to acquire Russian assets cheaper than some time ago,” Medvedev said.

By Nino Gojiashvili

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