Kremlin says Russia has enough tools to survive ’emotional’ market reaction

MOSCOW – Kremlin spokesperson Dmitry Peskov on Thursday said Russia has created enough safety tools to survive market volatility and said that the “emotional” financial market reaction to Russia’s invasion of Ukraine would even out.

Peskov said all necessary measures were being taken to ensure that the market reaction was as brief as possible.

The rouble bounced off all-time lows on Thursday as the central bank announced FX interventions after President Vladimir Putin ordered Russian forces to invade Ukraine, a move expected to trigger new harsh sanctions against Moscow.

(Reporting by Dmitry Antonov; Writing by Alexander Marrow; Editing by Katya Golubkova)