Source claims OPEC and non-OPEC states finalizing results of meeting, agreement 'close'Business & Economy December 10, 17:07
Bloomberg: Non-OPEC states agree to cut oil production by more than 600,000 barrelsBusiness & Economy December 10, 16:22
More than 20 states that produce more than half of world's oil take part in OPEC meetingBusiness & Economy December 10, 13:05
Russian energy minister Novak sees 'no risk' OPEC agreement failsBusiness & Economy December 10, 12:43
Defense ministry organizes mass escape for Aleppo civilians via humanitarian corridorsWorld December 10, 12:38
Almost 18,000 civilians evacuated from areas of Aleppo controlled by militantsWorld December 10, 7:41
Russian swimmers win 11 sets of medals at FINA World Swimming Championships (25 m)Sport December 10, 7:00
Shiveluch volcano in Russia’s Far East spews ash to 11 km in airWorld December 10, 5:28
Ceasefire agreements enter into force near Damascus, in Idlib province ― mediaWorld December 10, 4:18
ST. PETERSBURG, June 19. /TASS/. Sberbank CEO German Gref expects the debt crisis to continue in 2016, he told journalists at the St. Petersburg International Economic Forum (SPIEF-2015).
"We believe that we will see, among other things, the debt crisis at least in the first quarter of next year. The next year you’ll be able to talk about some recession, but not an increase. So far I do not see sources for growth. Recovery growth is possible, but we’re more likely to spin around zero," he said.
The Economic Development Minister Alexey Ulyukayevexpects to see the beginning of recovery growth in the Q4. "Thus the recession will last three quarters. The recovery growth will begin in the fourth quarter," he said.
At the same time, according to his estimations, Russia could reach the level of potential GDP growth rate of 2%-3% by mid-2016. "I believe that we have a good opportunity to reach the potential level of output by the middle of 2016," the Minister said. He noted that the potential growth of Russia's GDP is estimated at 3.2%, below the world average.