All news

Official: Development of new Russian anti-crisis government plan for 2016 is not feasible

MOSCOW, October 20. /TASS/. The Russian Ministry of Economic Development believes development of a new anti-crisis government plan for 2016 is not feasible, Deputy Minister Oleg Fomichev said on Tuesday.

"We believe so far the new plan is not needed. We need returning to routine activities within the framework of main areas of government activities and align short-term measures undertaken with measures required for further development," the deputy minister said.

The Russian Government approved the action plan on support of sustai

nable economic development and social stability in January 2015. The plan comprised sixty items on seven main crisis response areas. The total cost of measures equaled 2.33 trillion rubles ($37.5 bln). Current revision of the budget provides 602.5 bln rubles ($9.7 bln) for implementation of anti-crisis measures.