"Hysteria" on Russian markets will subside because of Central Bank interventions to support the rouble, but Russia faces a period of strained ties with the European Union and the United States which will weigh on the economy, a senior official said.
"The wave of hysteria will pass, but it is difficult to say when," Deputy Economy Minister Andrei Klepach told Reuters.
"What lies ahead of us is a period of more confrontation and difficulties. For us, that will mean more complicated relations with the European Union, the States, with all the resulting consequences."
More top news
ITV News can reveal the number of potential buyers for Tata's steel business in the UK is more than double the previously known total.
Officers combined hip-hop with bagpipes and traditional ceilidh dancing in the hilarious clip.
A paranoid schizophrenic with ovarian cancer will undergo a hysterectomy after a judge ruled she could not decide on treatment herself.