Tuesday, July 19, 2016

Ulyukayev: markets calmed down after Brexit – News Economy

Print Out of Britain from the European Union (Brexit) has on the world markets a minimal impact, but risks remain to economic shocks, said Economic Development Minister Alexei Ulyukayev. “.. While Brexit impact minimally on the world markets was a short reaction just two or three days, high volatility in the markets took place in the market calmed down, but the risks are there, because the process is very long, complicated”, – Ulyukayev said interview to the Japanese television channel NHK.

“Actors are not yet really do understand what the result will be: what kind of relationship will bind the United Kingdom and the European Union, as will be built contractual basis outputs, etc. Therefore, probably, still may be some fluctuations and volatility. primarily in the financial markets, bearing in mind the role of London as a global financial center “, – said the head of Ministry of Economic Development.

Ulyukayev sure that gosmery all sides of this issue affect the support on the Russian market of financial stability. “This and the availability of reserves, and monetary and fiscal policies, and policies to support investment We see that it brings results.” – Said Ulyukayev.

The most important result – the movement of capital in May changed from “minus” to “plus”, which speaks about the restoration of trust in the Russian financial market and the Russian economy, concluded Ulyukayev.

In Britain, June 24 held a referendum on the country’s withdrawal from the EU, 51.9% of Britons were in favor of a break in relations with Brussels.

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