08:30 GMT +321 September 2019
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    Putin Discusses Details of Russian Economy Plan with Cabinet Economic Bloc

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    Russian President Vladimir Putin held a working meeting with the Cabinet’s economic bloc members to discuss the 2016 economic action plan, Kremlin spokesman Dmitry Peskov said Saturday.

    MOSCOW (Sputnik) – Russian President Vladimir Putin held a working meeting with the Cabinet’s economic bloc members to discuss the 2016 economic action plan, Kremlin spokesman Dmitry Peskov said Saturday.

    "The heads of the Cabinet of Minister’s economic bloc reported the details of the government’s plan of action to ensure Russia's sustainable socio-economic development in 2016, which is currently being finalized, to the president" Peskov told reporters.

    The bloc includes First Deputy Prime Minister Igor Shuvalov, Deputy Prime Minister Olga Golodets, Finance Minister Anton Siluanov, Central Bank chair Elvira Nabiullina, Accounts Chamber chair Tatyana Golikova, and presidential aide Andrei Belousov.

    Russia’s draft anti-crisis action plan contains 96 preliminary initiatives, estimated to cost around $6.5 billion, to support regional economies and non-financial sectors of the economy, most notably engineering.

    The plan is expected to be approved later in February.

    The Russian economy is experiencing a slowdown caused by a sharp decline in global oil prices and, to a lesser extent, by Western sanctions imposed on Moscow over its alleged role in the internal Ukrainian conflict – a claim the Kremlin has staunchly denied.

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    Tags:
    anti-crisis plan, Russian economy, Cabinet of Ministers, Anton Siluanov, Igor Shuvalov, Vladimir Putin, Russia
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