MOSCOW (Sputnik) — Russia managed to avoid mass redundancies and contain unemployment despite real risks, Russian Prime Minsiter Dmitry Medvedev said Monday.
"We managed to contain unemployment, avoid mass redundancies at enterprises when this risk was very real. We will continue to take measures for people to be able to find work, regardless of their age and place of residence," Medvedev said at a United Russia party congress.
Moreover, Russia's economic growth must be provided by domestic sources and not just commodity quotes, Russian Prime Minsiter Dmitry Medvedev said Monday.
"We wish to build an economy, the growth of which is provided by domestic sources and not commodity quotes, with a business climate comfortable for Russian businesses and foreign investors, with an effective public sector," Medvedev told a United Russia party congress.
The Russian economy suffered a setback in 2014, as the ruble lost about half of its value against the US dollar amid low global oil prices and Western economic sanctions imposed against Russia over the Ukrainian crisis.