Russia’s NHL stars Radulov, Zaitsev summoned to national squad for 2017 IIHF ChampionshipSport April 24, 13:50
Lavrov notes anti-Russia sanctions brought up during talks with MogheriniRussian Politics & Diplomacy April 24, 13:46
Armenia remembers 1915 genocide victimsWorld April 24, 13:28
Russia’s seaborne air defense system to receive three types of missilesMilitary & Defense April 24, 13:09
Press review: Le Pen-Macron duel and Western-style populism in RussiaPress Review April 24, 13:00
Attorney says no attempts from Trump administration to contact SnowdenWorld April 24, 12:59
Re-enactment of WWII Battle of Berlin staged in MoscowSociety & Culture April 24, 12:37
Testing of Russian air defense system Vityaz to be completed by 2017Military & Defense April 24, 12:31
Moscow interested in restoring ties with EURussian Politics & Diplomacy April 24, 11:51
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.