Boxing Day on Red Square sets new Guinness recordSport July 23, 8:33
Joseph Dunford says Russia most military capable country of those posing threat to USWorld July 23, 4:57
Russia’s US envoy Kislyak steps down, his deputy to act as Charg d'Affaires ad interimRussian Politics & Diplomacy July 23, 1:33
Putin greets KamAZ-Master team - winner of Silk Way RallySport July 22, 15:20
Agreements on East Ghouta zone in Syria signed - Defense MinistryWorld July 22, 14:20
PAK FA offers practically unlimited opportunities to pilot - commanderMilitary & Defense July 22, 11:29
Ukraine's National Broadcasting Board issues fine to Public Radio for 0% Urkainian songsWorld July 22, 5:39
Femen movement activists faces 5 years in jail for trying to frustrate summit meetingWorld July 22, 4:38
Russian Deputy PM dismisses allegations he will arrive in Moldova on warplaneRussian Politics & Diplomacy July 22, 2:46
MOSCOW, October 2. /TASS/. Falling world oil prices, geopolitics and the curtailment of the US Federal Reserve’s stimulus program have cost the Russian budget 4% of GDP, Finance Minister Anton Siluanov said on Thursday.
“The current year was uneasy from the viewpoint of external factors and shocks. This refers to the expectations of the curtailment of quantitative easing, geopolitical changes and risks. This has affected the investor behavior,” Siluanov said at an investment forum organized by Russia’s VTB Bank.
A plunge in world oil prices has also affected Russia’s economic growth, the finance minister said. “The oil price was $105-110 per barrel in the first half whereas now it stays at $101 per barrel,” the minister said.
However, the Russian government’s restrained policy has helped the country withstand all these external shocks, he said. “We’ll continue to pursue such policy,” the finance minister said.