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(单词翻译:双击或拖选)
Russian President Vladimir Putin has taken part in his annual year-end news conference, arguing Russia is not in an economic crisis.
The Russian leader has gone on-record saying he believes the Russian economy will revived in 2-years.
The comments come as Russia copes the dramatic decline in the value of the Russian ruble, which has lost around 60-percent of its value this year.
In making the statement, Putin is cautioning that external factors may continue to see the ruble decline in value for the next couple of years.
Putin says his government is planning further measures, including spending cuts, to stabilize1 the country's economy.
The Russian central bank will also offer more loans to small and medium-sized companies.
Putin also notes Russia has a large reserve of foreign currency, which he says should help Russia put its economy back on track.
China's foreign exchange regulator is expressing concern about the devaluation of the Russian ruble, saying it's tracking the situation.
An official from the State Administration of Foreign Exchange is recommending Chinese companies and financial institutions use forwards and swaps2 to avoid risks.
The ruble has plummeted3 to historic lows this week, despite a moderate recovery over the past couple of days.
The Russian currency has lost around 60-percent of its value against the US dollar this year.
1 stabilize | |
vt.(使)稳定,使稳固,使稳定平衡;vi.稳定 | |
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2 swaps | |
交换( swap的名词复数 ); 交换物,被掉换者 | |
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3 plummeted | |
v.垂直落下,骤然跌落( plummet的过去式和过去分词 ) | |
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