IBU Executive Board finds no grouns to suspend Russia's biathlon teamSport January 21, 22:53
Russia terrified watching monuments destroyed in Palmyra — culture ministerRussian Politics & Diplomacy January 21, 17:08
Russian bombers deliver successfully strikes on terrorists' facilities in SyriaWorld January 21, 15:39
Denmark uses Russian data in its application for expanding shelf — ministerBusiness & Economy January 21, 15:15
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
MOSCOW, December 17. /TASS/. Russia’s Deputy Prime Minister Dmitry Rogozin believes that a key rate of 17%, even of 10%, is “an insurmountable hurdle for Russian industries."
“It is an insurmountable obstacle in the way of industrial development,” Rogozin said on Facebook. “I have long demanded the Ministry of Finance and the Bank of Russia should establish special rules of financing industries under state defense contract programs.”
In response to US Administration’s statement the sanctions were already causing disastrous effects on Russia, Rogozin remarked: “It’s too early for rascals to rejoice.”
He believes that the greatest harm to Russia’s economy results not from sanctions, but from “our disastrous financial and technological dependence” on the West.
Rogozin is certain that there can be no alternative to Russia’s own national financial system and the development of the national industry.