Russian Prime Minister Dmitry Medvedev has urged the Russian people not to buy foreign currency as a safe investment despite the Russian ruble’s continued slide and the economy heading into a recession. During a live interview on Russian TV, the prime minister also lashed out at Western nations for imposing sanctions over the Kremlin’s actions in Ukraine, saying they were hurting both sides.
Prime Minister Medvedev acknowledged Wednesday the weak ruble and Western sanctions were hurting the Russian economy.
The Russian currency has lost 40 percent of its value since June, with falling oil prices and sanctions over Ukraine taking a toll.
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Source: Voice of America
