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Friday, October 21, 2016

Sanctions and the actions of the government brought Russia to collapse, said Shuvalov

First Deputy Prime Minister Igor Shuvalov on Pmafe said that the situation of the first quarter of 2015, emerged after the introduction of Western sanctions against Russia, was comparable to the situation in which the Soviet Union before its collapse.

photo: Natalia Gubernatorova

Igor Shuvalov

According to officials, the situation in those months was even “harder” than in the last years of Perestroika. Now, however, he assured listeners at the SPIEF, the country is “poised for growth”.

The Deputy Prime Minister referred to the data of the Ministry of economic development, which predicts an increase in GDP in the third quarter and “significantly greater growth in the fourth quarter relative to the third”.

Read the broadcast of Putin’s speech at Pmaf.

According to Shuvalov, warning about the collapse of the Russian economy was even for two or three years before the imposition of sanctions: then the scientists told the government that we were just a couple of steps before the collapse of the country following the example of the Soviet Union. This Shuvalov did not specify how the government managed to overcome the crisis.

We will remind that today, on Pmafe ex-Finance Minister Alexei Kudrin said that a two-fold depreciation of the ruble since the Russian-Ukrainian conflict time, become a “disgrace for the economic authorities showed their inability to create a stable environment for business.

Also spoke negatively about the quality of the forecast of the Ministry of Finance and the Minister of economic development Alexei Ulyukayev, as saying that the government “devastation in their heads”, and the main task of the Ministry of Finance is to hide money in the potbelly due to fears of inefficient spending.

Sanctions . Chronicle of events

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