2 Dec 2009 18:32

Sharp fluctuations of ruble unlikely - Kremlin aide

MOSCOW. Dec 2 (Interfax) - Russian President Dmitry Medvedev's top economic adviser said no sharp fluctuations in the ruble's value is expected.

"As for the currency exchange rate, there does exist some uncertainty, but nevertheless the situation is under control. No shocks are expected," Arkady Dvorkovich told reporters after a conference on economic issues chaired by President Dmitry Medvedev.

"It will depend on the global situation what dynamics the currency exchange rate has," Dvorkovich said.

"At the moment, with the current prices of oil, the rate is unlikely to go down."

"The recent rise in the exchange rate has not been very serious and at the moment it doesn't pose any of the risks that lead to the loss of markets," the aide said.

"The Central Bank will continue making limited interventions and exerting limited pressure to prevent a sharp rise in the exchange rate of the ruble," he said.