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MOSCOW, June 8 (Itar-Tass) — Russia’s Labour and Social Protection Minister Maxim Topilin said on Friday he saw no preconditions for a second wave of the economic crisis.
However, he told reporters if such a wave engulfs Russia, its labour market will be protected by special measures.
“Until now we have no such concerns,” Topilin said. “As against 2008 we already have the legislative framework to unveil a package of anti-crisis measures very rapidly.”
“The package that was adopted in 2009 is very effective and it is absolutely unnecessary to invent some other measures,” the minister said.
In reply to reporters’ questions about possible economic crisis Topilin noted that “if such a situation emerges, employment services are ready for such developments.”
“But until now we proceed from an assumption that the situation is stable,” Topilin said. “There are some fluctuations on the markets, but these fluctuations occur often, there are still no preconditions for worsening.”