Medvedev: Russia copes with oil price fluctuations

Russian Prime Minister Dmitry Medvedev said at the Asia-Pacific Economic Cooperation (APEC) Business Summit that the situation in the Russian economy is quite stable.

"The situation in our economy and financial system is stable enough, we are coping with the negative price fluctuations and maintaining investor interest," he stressed.

The head of the Government admitted that for Russia it may be one of the most difficult periods. "The falling oil prices, the ruble collapse have a very serious impact on us. As well as 1.5 years of the sanctions pressure on our country," Interfax cited him as saying.

According to him, apart from the negative factors, there are also positive things for foreign investors. "This is good for foreign investors. I mean that the weakening of the ruble has created the opportunity for buying Russian assets at lower prices than some time ago".