Russian emergency meeting on Rouble

(ANSA)- Moscow, December 17 - Russian Premier Dmitri Medvedev called an emergency meeting on defending the Rouble Wednesday, saying the beleaguered Russian currency is undervalued.
    In addition to economy ministers, the Russian Central Bank head Elvira Nabiullina, tax authorities and the heads of major energy exporting firms were summoned to the meeting at the premier's residence in Gorki, officials said.
    Medvedev said that the rouble "is undervalued today" and its exchange rate "does not reflect the current situation of the economy," adding that "it makes no sense to impose an extremely rigid regulation in this sphere" and expressing the wish that moves to resolve the undervaluation will be "based on market mechanisms".
    Medvedev insisted that Russia "has the necessary reserves to achieve all its economic and political objectives".