Yudayeva: ruble’s appreciation ends

"The fast appreciation of the ruble that we saw, linked to the sharp upswing in the price of oil by 30% - that’s over. Now we are seeing a stabilization," the first deputy chairman of the Russian Central Bank, Ksenia Yudayeva, said.

Yudayeva also pointed out that the risks can arise anyway. "The level of risk to financial stability is now substantially lower than it was several months ago," she said.

"By summer 2015, the volatility should decline to levels seen in the fall of last year," Interfax cited Yudayeva.