US anti-missile systems in Eastern Europe violate INF Treaty - Russian foreign ministryRussian Politics & Diplomacy April 29, 20:35
Moscow police say 250 people take part in protest rallyWorld April 29, 16:29
Abe plans to continue dialogue with Putin to solve global issuesWorld April 29, 14:50
Moscow is ready to cooperate with Washington on Syria — LavrovRussian Politics & Diplomacy April 29, 12:24
Diplomat calls US’ allegations about isolation of Russia in UN 'strange'Russian Politics & Diplomacy April 28, 20:58
Experts say Russian hackers strongly demonized in USRussian Politics & Diplomacy April 28, 20:35
Ferrari drivers clock best time in Practice Two of Russia F1 GP in SochiSport April 28, 19:54
Red Bull’s advisor Marko says Kvyat to possibly remain with Toro Rosso next yearSport April 28, 19:16
Pope Francis blesses pregnant TASS correspondent en route to EgyptWorld April 28, 18:55
DAVOS, January 21. /TASS/. Russia will not artificially lower its oil output, Deputy Prime Minister Arkady Dvorkovich told TASS on the sidelines of the Davos International Economic Forum on Wednesday.
"We are not going to artificially lower anything," said Dvorkovich. According to him, the implementation of some projects could be halted, but there are no reduction plans.
However, Dvorkovich said that Russia has the opportunity to balance the budget by reducing inefficient spending. "We have the ability to cut costs everywhere except for social services and a number of military expenditures", Dvorkovich added.
The deputy prime minister said he does not rule out 15% budget expenses cut.
Dvorkovich does not see any grounds to lift food counter sanctions introduced by Russia against Western countries, he said on the sidelines of the World Economic Forum in Davos, Switzerland, on Wednesday. “We do not yet plan to lift the embargo, and looking forward it depends on sanctions (against Russia),” he said.
Dvorkovich said that the embargo put on Western food producers “is aimed at enabling Russian producers to have an opportunity to work on more competitive conditions as now they cannot take out bank loans at the same interest rates they had before sanctions were introduced.”