russia to prepare for financial crisis impact
Last Updated : GMT 09:35:27
Arab Today, arab today
Arab Today, arab today

Russia to prepare for financial crisis impact

Arab Today, arab today

Arab Today, arab today Russia to prepare for financial crisis impact

Moscow - Arabstoday

President Vladimir Putin ordered his government Thursday to put aside billions of dollars in next year’s budget to protect Russia’s vulnerable economy in case of a new economic crisis. Putin, who has in recent months faced unprecedented street protests against his rule, said Russia’s main priority was to ensure economic stability despite its dangerous dependence on energy exports. “We must take into account any scenarios for the world and Russian economies and have the instruments and possibilities to react,” he told the government and members of parliament in an unusually stark warning of danger. “Therefore I ask you to put into the coming year’s budget enough reserves to realize anti-crisis measures, if, of course, the need arises,” he said on the Kremlin website. Putin did not give figures but Finance Minister Anton Siluanov said the government would already in 2012 have the right to spend 200 billion rubles ($6 billion) on anti-crisis measures. Siluanov had told Financial Times earlier this month that Russia was ready to build up a chest of $40 billion in the next year to combat the effects of an economic crisis, as Moscow nervously eyes the eurozone’s turbulence. Putin admitted that the government’s high-cost program of improving infrastructure in Russia, modernizing social services and reforming the military now needed to be implemented in “complicated conditions.” “The world economy is going through a period of turbulence and we need to be ready for any crisis,” he told the meeting on Russia’s budget policy. “Our main task is to preserve stability of the macroeconomy and the budget. It’s clear that the main risk is the high dependency on the fluctuations on global energy markets.” The Russian authorities are still haunted by the last financial crisis, which saw growth contract 7.9 percent in 2009 in a sudden end to the stellar growth rates that had marked the initial part of Putin’s 12 year rule. Economic Development Minister Andrei Belousov said that in the first quarter this year Russia enjoyed growth of 4.9 percent and growth was seen to be 4.0 percent in the second. Read more: http://dailystar.com.lb/Business/International/2012/Jun-29/178645-russia-to-prepare-for-financial-crisis-impact.ashx#ixzz1zCytC4Gk (The Daily Star :: Lebanon News :: http://www.dailystar.com.lb)

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

russia to prepare for financial crisis impact russia to prepare for financial crisis impact

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

russia to prepare for financial crisis impact russia to prepare for financial crisis impact

 



Arab Today, arab today
Arab Today, arab today Jordanian woman reveals her project

GMT 00:46 2017 Saturday ,11 November

Jordanian woman reveals her project
Arab Today, arab today The Big Apple bike boom

GMT 10:47 2017 Wednesday ,22 November

The Big Apple bike boom
Arab Today, arab today Sophian Yussef reveals suitable decoration

GMT 02:56 2017 Thursday ,23 November

Sophian Yussef reveals suitable decoration
Arab Today, arab today Syria opposition meets in Riyadh

GMT 06:23 2017 Thursday ,23 November

Syria opposition meets in Riyadh
Arab Today, arab today 'Advanced' cyber attack targets Saudi Arabia

GMT 10:18 2017 Wednesday ,22 November

'Advanced' cyber attack targets Saudi Arabia
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Australian academic's book pulled

GMT 15:20 2017 Monday ,13 November

Australian academic's book pulled
Arab Today, arab today Srebrenica women cry tears of joy

GMT 08:03 2017 Thursday ,23 November

Srebrenica women cry tears of joy
Arab Today, arab today Delhi half-marathon to go ahead

GMT 03:51 2017 Saturday ,18 November

Delhi half-marathon to go ahead
Arab Today, arab today The history of solar eclipses

GMT 05:16 2017 Sunday ,20 August

The history of solar eclipses
Arab Today, arab today 'Robo-taxis' hold promise, and perils

GMT 08:07 2017 Thursday ,23 November

'Robo-taxis' hold promise, and perils
Arab Today, arab today Honda recalls 800,000 minivans

GMT 11:43 2017 Wednesday ,22 November

Honda recalls 800,000 minivans
Arab Today, arab today Singer Jahda Wahba has unlimited ambitions

GMT 07:56 2017 Monday ,20 November

Singer Jahda Wahba has unlimited ambitions
Arab Today, arab today paObama climate envoy slams Trump's rejection

GMT 16:04 2017 Friday ,17 November

paObama climate envoy slams Trump's rejection

GMT 09:23 2017 Saturday ,18 November

Fedra happy for “Between Two Worlds” success

GMT 02:14 2017 Saturday ,18 November

May under Brexit pressure at EU reform summit

GMT 18:41 2017 Friday ,20 October

Designer Aql Faqih aspires to innovation

GMT 11:38 2017 Wednesday ,15 November

Unloved vultures fight for their survival

GMT 17:52 2017 Sunday ,03 September

Etiquette expert underlines importance of gifts

GMT 10:43 2017 Wednesday ,22 November

Cigar-shaped asteroid came

GMT 00:44 2017 Monday ,20 November

Japanese regulators raid Airbnb

GMT 17:12 2017 Monday ,07 August

Al-Shawaifi reveals secrets of total solar eclipse

GMT 16:53 2017 Tuesday ,05 September

Youssra depended on colored foam
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday