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    Russian Deputy PM Hopes Economy to Return to Growth in 2017-2018

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    Russian economy is likely to stabilize in 2016, and growth will begin in 2017-2018.

    MOSCOW (Sputnik) — There is hope that the Russian economy will stabilize in 2016, and growth will begin in 2017-2018, Deputy Prime Minister Arkady Dvorkovich said Wednesday.

    "We hope to stabilize the economy this year and begin to grow in 2017-2018", Dvorkovich said, speaking at the Boao Forum for Asia.

    Dvorkovich added that to adapt to the new economic conditions Russia needs to take a number of measures, including adjustments in the budget and investment mechanisms.

    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 repeatedly denied.

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    ruble, economic slowdown, Arkady Dvorkovich, China, Boao, Russia
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