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Medvedev: Voters support economic policy but govt has to prove its credibility

September 27, 2013, 7:00 UTC+3
The results of elections in Russia show that the president and the government have pursued a correct policy during the economic crisis, Russia's Prime Minister believes
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MOSCOW, September 27 (Itar-Tass) - The results of elections in Russia show that the president and the government have pursued a correct policy during the economic crisis, but they have to live up to people’s trust now, Prime Minister Dmitry Medvedev said.

“The crisis has taught us many things. We know what is to be done if the situation develops in a negative way for the economy and we are ready to bear responsibility before people who have put their trust in us,” Medvedev said in an article published by the financial daily Vedomosti on Friday, September 27.

“The correctness of our work was proved by the results of the elections: unlike the majority of industrialized countries, Russia did not change the political force at the helm. This is the trust we have to live up to,” he said.

Medvedev noted that the authorities were working to overcome the consequences of the global crisis. “But it became clear during this work that the situation in the global economy and therefore in Russia was improving slower than we expected,” he added.

Experts projected that the Russian GDP would grow at a rate of more than 3 percent a year, spurred among other things by the economic recovery in Europe, which accounts for a half of Russia’s foreign trade. “But the depth of the debt crisis and the decline of competitiveness in many European states happened to be so dramatic that it may take several more years before we see real sustainable growth in Europe,” the prime minister said. 

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