03:04 GMT04 March 2021
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    St. Petersburg International Economic Forum 2015 (42)
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    Russia managed to avoid a deep economic crisis despite predictions, Russian President Vladimir Putin said at the St Petersburg International Economic Forum Friday.

    MOSCOW (Sputnik) — According to the president, Moscow managed to stabilize the exchange rate without restricting the capital flows, as well as to control inflation, which is currently lowering.

    "Last year we were predicted a deep economic crisis, as you know. This did not happen. We have stabilized the situation, halted the negative volatility, and we are confidently going through a period of difficulties."

    The St. Petersburg forum, running on June 18-20, is held under the auspices of Russian President Vladimir Putin. The event gathers heads of states and governments, as well as heads of largest businesses from around the globe. The theme of the SPIEF-2015 is Time to Act: Shared Paths to Stability and Growth.

    According to the forum’s organizers, by 15:00 local time (GMT 12:00) Thursday the number of the event’s participants reached 6,000.

    St. Petersburg International Economic Forum 2015 (42)


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    business, economy, SPIEF-2015, Vladimir Putin, Russia
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