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Worst scenarios of Russian economy’s development avoided — PM Medvedev

July 13, 2015, 19:52 UTC+3 GORKI
Speaking at a meeting on the implementation of the anti-crisis plan the Prime Minister said that the situation in the economy remains complicated but manageable
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Russian Prime Minister Dmitry Medvedev

Russian Prime Minister Dmitry Medvedev

© Yekaterina Shtukina/Russian government's press service/TASS

GORKI, July 13. /TASS/. The worst forecasts for the Russian economy development did not come true, the situation remains complicated but manageable, Prime Minister Dmitry Medvedev said on Monday.

Speaking at a meeting on the implementation of the anti-crisis plan, Medvedev said that the plan had been made under conditions, "when various forecasts for the development of the economy were voiced including the most pessimistic ones."

"Nevertheless, it looks like the worst scenarios did not come true, the situation in the economy remains complicated but manageable," the Prime Minister said.

Medvedev urged the ministry to continue monitoring to ensure that all budget funds reach the final beneficiaries.

The Prime Minister praised the joint work of the Cabinet, the Central Bank, legislative bodies and the authorities of the regions that approved their own anti-crisis plans.

"We should to continue to monitor the situation on the ground, keep track of what is happening on the largest enterprises, which are seen as strategically important, to constantly monitor the implementation of all previous instructions to ensure that all budget funds reach the final beneficiaries — which are industrial and agricultural enterprises, and a number of other organizations," the Prime Minister said.

The Prime Minister reiterated the importance of the measures to support the real sector, in particular — of the project financing.

In particular, Medvedev said that the government had decided to grant state guarantees for the sum of more than 20 billion rubles ($351.6 mln) to 12 projects.

As part of the anti-crisis plan, significant funds were allocated to support the agricultural sector.

"Amid the ongoing sanctions pressure, our farmers received additional opportunities to supply their products," - the head of the government said.

He added that in January-May, agricultural companies increased volumes of agricultural production by 3.3% as compared to January-May 2014.

"That means that these measures bring their benefits, have their effect," Medvedev said.

Medvedev also said that the program for renovation of transportation vehicle fleet proved to be in demand. He added that it was decided to allocate 5 bln rubles ($88 mln) on this program in addition to 10 bln rubles ($176 mln) allocated earlier.

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