Agreement on bases in Syria to serve strengthening of stability in Middle East — MPRussian Politics & Diplomacy January 20, 21:18
Trump's inaugural address: When America is united, America is totally unstoppableWorld January 20, 20:57
Hermitage chief: New Palmyra destruction comes across as militants' vengeanceRussian Politics & Diplomacy January 20, 20:29
Russia's first deputy PM wants to keep current tax system for next political cycleBusiness & Economy January 20, 19:53
Russia’s Shipulin clinches gold in 20km individual race of IBU World Cup stage in ItalySport January 20, 19:18
Prominent Russian adventurer Konyukhov to take samples from Mariana Trench floorSociety & Culture January 20, 19:15
Gazprom CEO says North Stream-2 pipeline proves relevanceBusiness & Economy January 20, 19:10
More survivors found in avalanche-hit Italian hotel — mediaWorld January 20, 18:48
Donald Trump takes office as 45th US PresidentWorld January 20, 18:21
MOSCOW, August 16 (Itar-Tass) — The Russian economy is prepared for a crisis, should it occur, President Vladimir Putin said at a meeting with regional ombudsmen on Thursday.
The human rights commissioners in Russian regions put to the president some questions about social affairs and the current economic situation. Tatyana Merzlyakova, from the Sverdlovsk Region, asked Putin about the risk of a crisis in Russia.
Putin replied that the situation in the world and European economies was very complicated. In the United States, the engine of the world economy, the state of affairs looks slightly better, but macroeconomic parameters, which are essential to the economy’s stability, are no better than in Europe. The state debt there is 104 percent,” Putin said. Also, he added that the financial system of that country is overburdened by mortgage loans issued against government guarantees.
“All this causes certain alarm. The latest reports say economic development rates in China have slowed down slightly. China is one of the greatest consumers. True, these are alarming signs. Let us hope that all these concerns will not develop into a full-scale crisis,” Putin said. “Let us hope for the best, but get prepared for the worst.”
He recalled that in 2011 the government had started drafting anti-crisis measures beforehand in case of an unfavorable trend in the economy.
“We are certain that in case of a crisis we have everything handy to resist it effectively,” he said.