Russian ruble stable, not risky currency - deputy PM

© Sputnik / Aleksei Nikoslkiy  / Go to the mediabankFirst Deputy Prime Minister Igor Shuvalov
First Deputy Prime Minister Igor Shuvalov  - Sputnik International
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Russian ruble is a stable currency and has the same level of risks as euro, First Deputy Prime Minister Igor Shuvalov said on Saturday.

Russian ruble is a stable currency and has the same level of risks as euro, First Deputy Prime Minister Igor Shuvalov said on Saturday.

"People should not always watch over currency fluctuations. They should understand that the ruble is a stable currency. Ruble has not more risks than the euro," Shuvalov told Rossiya-1 federal TV channel, adding that fluctuations were due to changes of prices on such products as oil and gas, Russia's key export.

If oil prices go down, the government will use reserve funds but will not cut 2012 budget expenses, he also said.

 

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