Value of S-300 contract with Iran reaches almost $1 blnMilitary & Defense February 20, 14:08
Lavrov blasts claims of Russia’s 'involvement' in Montenegro coup attempt as groundlessRussian Politics & Diplomacy February 20, 13:55
Kremlin: Putin’s decree on recognition of LPR and DPR passports signed on humanity groundsRussian Politics & Diplomacy February 20, 13:42
Rosneft starts drilling first exploration well in IraqBusiness & Economy February 20, 13:38
Kremlin calls Ukrainian MP’s proposal for Russia to take Crimea on lease 'absurd'Russian Politics & Diplomacy February 20, 13:34
Lavrov: US confirms Russian ambassador routinely wiretappedRussian Politics & Diplomacy February 20, 13:15
Lavrov calls on UN to invite Moscow group of Syria’s opposition to GenevaRussian Politics & Diplomacy February 20, 13:11
Lavrov states Russia cannot take Crimea on lease from itselfRussian Politics & Diplomacy February 20, 13:04
Press review: No breakthrough at Security Conference and no-fly list for troublemakersPress Review February 20, 13:00
MOSCOW, January 14. /TASS/. Russia has enough reserves to adapt the economy to new conditions defined by low prices on energy resources, Russian Prime Minister Dmitry Medvedev told the Gaidar economic forum on Wednesday.
“We have enough reserves to smoothly adapt the economy to the new conditions of work,” Medvedev said, referring to the world oil prices, which have fallen to their lowest in almost six years and have had an impact on Russia’s economy.
Medvedev told the forum that Russia has created a stable foundation to form conditions for a new start — a stable and healthy economic growth. Besides the reserves, Russia has a small state debt, a low unemployment level, an unprecedented consolidation of the society, with authorities enjoying strong public support.
The prime minister also praised Russia’s balanced budget policy, which he said allows authorities to solve two key tasks, namely implementing important social programs and supporting national economy.
“The above listed factors should lay the foundation for a complex of measures on shaping a modern economic policy,” he said.
He also said Russia has enough reserves to guarantee the payments of foreign debts, and is ready to help companies in this.
“We still have significant reserves which guarantee payments under the state debts and if needed, we can help companies in paying their foreign debts,” Medvedev said.
Medvedev said “sanctions come and go, like their authors,” while business relations, economic interests and the reputation remain.
“Russia will fulfill its international commitments,” Medvedev stressed. “This country is a reliable borrower, a reliable creditor and a reliable supplier,” he said.