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Russian economy shows signs of stabilization — minister

January 21, 2015, 16:11 UTC+3
Russia’s inflation may accelerate to an annual rate of up to 13.5% by late January 2015, Economic Development Minister Alexey Ulyukayev said
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© ITAR-TASS/Sergei Bobylev

NOVO-OGAREVO, January 21. /TASS/. The Russian economy shows signs of stabilization, Economic Development Minister Alexey Ulyukayev said on Wednesday.

“Signs of some stabilization have emerged, which are perhaps related exactly to the economy’s adapted possibilities and measures being implemented by the Bank of Russia and the Russian government,” the minister said.

Russia’s inflation may accelerate to an annual rate of up to 13.5% by late January 2015, Ulyukayev said. 

Ulyukayev noted that the main economic risks of 2014 have materialized. “It seems that the main risks that we had to face in 2014 have materialized. But unfortunately, stabilization is taking place against such an ugly background that is certainly very negative and uncomfortable for Russian producers, the same as for the population and social sphere,” he said at a meeting of President Vladimir Putin with Russian government members.

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