Maxim Oreshkin predicted the continued growth of the Russian economy

3 November 2017, Friday

Positive trends in the Russian economy will persist, no matter how the current situation in global financial markets, told the head of the Ministry Maxim Oreshkin.

«As for the impact on Russia, in recent years the economy has become much more resilient to external volatility,» said Oreshkin.

A key role, according to him, was played by structural macroeconomic reforms — the transition to inflation targeting, the introduction of fiscal rules, the government’s operations on the domestic foreign exchange market.

Thanks to these measures, the Russian economy has successfully adapted to global challenges, the Minister added.

«The second half of 2016, renewed GDP growth. In the future, we expect to maintain these positive trends, however, the situation on world markets,» he concluded.

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