00:33 GMT20 April 2021
Listen Live
    Get short URL
    0 65

    According to a source familiar with the agenda of the talks, the meeting between the representatives of Russian business with President Vladimir Putin to be held on Monday will be devoted to the discussions on the plan to jump-start the country's economy.

    MOSCOW (Sputnik) The meeting between the representatives of Russian business with President Vladimir Putin to be held on Monday will be devoted to the discussions on the plan to jump-start the country's economy, a source familiar with the agenda of the talks told RIA Novosti on Monday.

    "In a nutshell, they are going to discuss how business and the government will develop the plan of the economic growth that should reach a faster rate than the world average by 2020, as well as the medium term program until 2025,” the source told the agency.

    President Vladimir Putin in his address to the Federal Assembly charged the government with the task to prepare and adopt a complex plan of actions for 2017-2025 that would provide measures allowing to reach national economy growth rates outrunning world rates no later than 2019-2020.

    Russia has been hit by a downturn that began in early 2015 after falling oil prices and Western anti-Russia sanctions took bite. The country's GDP fell 3.7 percent in 2015, according to the Russian Federal Statistics Service Rosstat. In September, the Economic Development Ministry revised its 2016 growth forecast downward from —0.2 percent to —0.6 percent.

    Never miss a story again — sign up to our Telegram channel and we'll keep you up to speed! https://telegram.me/sputniknewsint


    EU Isn't Refusing to Engage in Economic Cooperation With Russia - Berlin
    Putin to Attend Supreme Eurasian Economic Council, CSTO Council Session Dec. 26
    Putin: 'We are Likely to Have Lowest Inflation in the Past 25 Years'
    business, economy, Vladimir Putin, Russia
    Community standardsDiscussion