Moscow (AFP) – Prime Minister Dmitry Medvedev urged Russians to be patient Wednesday as the ruble plunged further due to falling oil prices and Western sanctions over Ukraine, and said the currency was now undervalued.”It’s definitely not necessary to go into hysterics,” Medvedev said in an annual televised interview.”Here, people just need to have patience and look at how events developed in a similar situation in 2008-2009 when the ruble weakened significantly,” he told five television channels.”Most economists and analysts agree that at the moment the ruble is excessively weakened, that is, it is undervalued,” said Medvedev, who served a …read more
Source: Business Insider
