Russia has all tools to ward off instability, central bank chief saysJanuary 22, 2016 - 14:46 AMT PanARMENIAN.Net - Russia's central bank chief on Friday, January 22 said the authorities have all the tools needed to ward off instability as she sought to calm the markets after a rollercoaster week that saw the ruble hit a new low against the dollar, AFP reports. "We have all the means to be proactive and prevent threats to financial stability in advance," Elvira Nabiullina was quoted as saying by RIA Novosti news agency at a finance ministry meeting, insisting the bank was "closely following the situation on the market." Russia's ruble on Thursday continued to plummet to new record lows against the dollar, tumbling by over 4 percent beyond 85 to the greenback on falling oil prices. The ruble - which has already been battered over the past 18 months by low energy prices and Western sanctions over Ukraine - also weakened to over 93 against the euro. Top stories Azerbaijani President Ilham Aliyev arrived in Moscow on April 22 to hold talks with Russian counterpart Vladimir Putin. Authorities said a total of 192 Azerbaijani troops were killed and 511 were wounded during Azerbaijan’s offensive. In 2023, the Azerbaijani government will increase the country’s defense budget by more than 1.1 billion manats ($650 million). The bill, published on Monday, is designed to "eliminate the shortcomings of an unreasonably broad interpretation of the key concept of "compatriot". Partner news | Armenia: Protesters march to parliament, some spend the night on street The protesters did not disperse despite heavy rain that began at around 2 a.m. local time. Concept to complete Yerevan Cascade discussed at city hall A conceptual proposal to complete the Cascade complex in downtown Yerevan has been presented by Jean-Michel Wilmotte. Pashinyan visits flood-hit region Armenian Prime Minister Nikol Pashinyan on Saturday, June 8 visited the disaster area in the Lori province. €3.5 mln EU grant to support justice reforms in Armenia The European Union has paid €3.5 mln grant to Armenia within a €11mln program on Support to Justice Reforms. |