20:52 GMT26 February 2020
Listen Live
    Russia
    Get short URL
    175
    Subscribe

    Russia will develop a set of measures to withstand economic challenges, including volatility of global financial markets, country’s Economic Development Minister Maksim Oreshkin said Wednesday.

    MOSCOW (Sputnik) — On November 30, Russian President Vladimir Putin signed a decree appointing Oreshkin the country's new minister. He replaced former Economic Development Minister Alexei Ulyukayev, who was caught in the act of taking a $2-million bribe for a positive appraisal that allowed Russian energy company Rosneft to buy the state's shares of Bashneft oil company.

    "This is the first group of challenges and threats – volatility of global growth, instability of global financial markets, which of course impacts all global economies in today’s interdependent world," Oreshkin stated after Russia’s Security Council meeting.

    The second group is related to increasing global competition of countries in the context of flagging global economic growth, while the third – to structural limitations to growth inside the country, Oreshkin added.

    The fourth group of challenges is linked to financial, transport and energy infrastructure resilience to external influences and internal problems, the minister explained.

    Related:

    Russian Security Council Approves Draft Economic Security Strategy
    Eurasian Economic Union Economies to Show Growth in 2017
    Eurasian Economic Union Countering Protectionism in Global Trade
    Turkey Hopes for Top-Level Political, Economic Ties With Russia, Iran, China
    Political Situation in Abkhazia Could Affect Economic Cooperation With Russia
    Putin Signs Decree on Oreshkin Appointment as Economic Development Minister
    Putin Appoints Deputy Finance Minister Russia's New Economic Dev't Minister
    Tags:
    economic crisis, ruble, Alexei Ulyukayev, Maksim Oreshkin
    Community standardsDiscussion
    Comment via SputnikComment via Facebook