Central Bank: Russian economy close to balance

According to Russia’s central bank, the situation in the Russian economy is close to balanced, First Deputy Governor Ksenia Yudaeva said.

"The situation in the Russian economy is close to balanced and there are no significant inflationary risks, but there are problems with the investment client," Reuters cited Yudaeva as saying.

The first deputy governor also said that the Russian central bank sees a possible internal risk posed by debts held by certain companies and it is working on measures to control such debts.