(MENAFN) Russia's Finance Minister, Anton Siluanov, stated that in case a new economic crisis occurs, his country will not repeat the mistake of the 2008 when it supported the stock market and devalued the ruble, reported Xinhua News.
Siluanov said that in 2008-2009, the government drew around USD6 billion from the National Wealth Fund (NWF), which supports the country's pension system, in order to lessen the impact of the economic crisis.
The minister added that the exchange rate will move within the range set by the Russian central bank that will not gradually devalue the national currency.
It is worth noting that last month; the ruble weakened 4.3 percent in real terms against key currencies compared with May, according to Russia's central bank.
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