Putin visits ice cave during Arctic tourSociety & Culture March 30, 0:02
Putin orders Defense Ministry and FSB to ensure protection of Russia’s interests in ArcticMilitary & Defense March 29, 21:46
Kiev aware of few chances to win in debt lawsuit case — envoyBusiness & Economy March 29, 20:52
Russian top diplomat dismisses claims about human rights violations in Crimea as liesRussian Politics & Diplomacy March 29, 20:23
Moscow suspects Jabhat al-Nusra could be used to topple AssadRussian Politics & Diplomacy March 29, 19:58
Lavrov reiterates there are no facts substantiating Iran’s links to terroristsRussian Politics & Diplomacy March 29, 19:40
Russia to upgrade helicopter protection system based on Syrian experienceMilitary & Defense March 29, 19:00
Lavrov says Ukrainian president wants to bury Minsk agreementsRussian Politics & Diplomacy March 29, 18:57
FIDE executive says Ilyumzhinov himself to blame over media buzz on his resignationSport March 29, 18:46
“Global economic growth rates will be much lower than before. So, Russian economic growth rates will never be as before, as I refer to the level when there is no negative difference between potential and actual output. From my viewpoint, this is about 2.5-3% growth. So, if there had been neither sanctions nor oil price fall and if we had had made no follies, the economic growth would have been 2.5-3%. This is going to be the new normal level for a long time and forever for my generation. I do not see another normal rate. Perhaps, you will see it,” Ulyukayev said.
“Probably we have got in a perfect storm and perhaps this is not accidental. Because we have prepared this storm overselves in some sense. As for the structural crisis, it is a result of under-reformed economy and all that we have not done. We did not reduce macroeconomic costs, that is to say costs in pension system and social sphere which now means additional liabilities over social insurance fund and medical insurance,” Ulyukayev noted.