MILAN – The Russian Finance Minister, Anton Siluanov, expected to contract by 4% for the economy in 2015 and a deficit of 3 bialncio % of GDP, due to the fall in oil prices estimated on average at 60 dollars a barrel. “The balance of the budget – said the minister – is at $ 70 a barrel.” According Siluanov the exchange rate of the ruble next year should average 51 to the dollar. Also provides that the Minister of Public Health Fund will pay 100 billion rubles ($ 1.9 billion) by the end of the year the bank VTB and another 150 billion rubles in 2015, while the bank Gazprobank receive 70 billion rubles within this year or next. The crisis has prompted Russian President Vladimir Putin to cancel the holiday for the new year of the government ministers. Putin said during a government meeting broadcast on television that the ministers “can not afford” to go on vacation. The employees of the companies in the country are entitled to holidays January 1 to 12, when the Russians celebrate the New Year, the main festival in Russia, and Orthodox Christians celebrate Christmas on 7 January. The Russian economy, hit by low oil prices and by Western sanctions, should enter into recession next year for the first time in six years, with the ruble which is now less than half of its value. Prime Minister Dmitry Medvedev told government ministers that he expects that take the situation under control during the holidays.
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- putin
- Russia
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