August 9, 2018 / 10:57 AM / in 2 months

Russia has tools to maintain financial stability - Finance Minister

MOSCOW (Reuters) - Russian Finance Minister Anton Siluanov said the government and central bank had the tools to maintain financial stability and would use them if necessary.

FILE PHOTO: Russian Finance Minister Anton Siluanov attends a session of the St. Petersburg International Economic Forum (SPIEF), Russia May 25, 2018. REUTERS/Sergei Karpukhin

Russia’s economy had demonstrated it was stable in the face of past sanctions as well as fluctuations in the oil price, he said in a statement.

A new round of U.S. sanctions sent Russian markets sharply lower on Thursday.

Reporting by Darya Korsunskaya; Writing by Tom Balmforth; editing by John Stonestreet

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