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Tuesday, October 25, 2016

Putin confirmed the words of the speaker about the end of the crisis in Russia

Russian President Vladimir Putin said that the country has overcome the crisis. His bottom was covered in the last year. About that same hour said earlier the Minister of economic development of Russia Alexei Ulyukayev.

photo: Natalia Gubernatorova

The end of the crisis the head of state said during the meeting with heads of delegations at the summit Russia-ASEAN (Association of Southeast Asian Nations) in Sochi.

The President cited data showing that Russia’s trade with members of the Association in the past year amounted to $ 13 billion. Meanwhile, Putin stressed that this amount could be much higher. According to him, the trade turnover of ASEAN with China totaled $ 80 billion, about the same between Russia and China, reports TASS.

Earlier during his speech in Sochi the Minister of economic development of Russia Alexei Ulyukayev also said that the Russian economy has emerged from recession in the third quarter of 2015, although the first quarter of the current expected negative dynamics of the GDP.

He emphasized that Russia’s economy has adapted to the conditions of Western sanctions and inflation has dropped to pre-crisis levels.

In turn, Bloomberg recently reported that Russia was quietly pursuing the most ambitious economic restructuring. The experts noted that against the background of falling oil market in the country, in particular, began to actively develop agriculture and chemical industry.

Sanctions . Chronicle of events

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