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PM: Russia can develop without foreign borrowings

April 19, 2016, 19:34 UTC+3

According to Dmitry Medvedev, Russia can use internal sources

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Dmitry Medvedev

Dmitry Medvedev

© Alexander Shalgin/Russian State Duma press service/TASS

MOSCOW, April 19 /TASS/. Russian Prime Minister Dmitry Medvedev said that Russia could use internal sources for development without foreign borrowings. That is why no one will force it to its knees, he said.

"We are solving our financial problems with the help of internal resources. This is our common victory. It means that we are can develop by using the internal sources," the Russian prime minister told Russian State Duma deputies on Tuesday as he gave an account of the government’s work in 2015.

"No one has forced us to our knees. Unlike other countries, we are not begging with an outstretched hand as we used to do in the 1990s. We are not waiting for the International Monetary Fund chief to come to this country so that we could beg him for some money in order to be able to run the budget," the Russian prime minister said.

"We can draw up our budget without that!" Medvedev stressed.

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