MOSCOW, April 27 (Itar-Tass) — Russia. Federation Council Speaker Valentina Matviyenko explained that a higher role of the upper house of Russian parliament is envisaged. For instance, a new principle to form the upper house and its full formal de-partisation. The Federation Council wants its legislative initiatives to be considered in the State Duma as priorities. The Cabinet has delivered an annual report in the Federation Council. The senators believe that they can be vested with the powers to appoint the whole staff of the Central Elections Commission, including its chairman.
The crisis is not looming to us any longer
The Russian government hopes to retain the GDP growth even in case of falling oil prices. The economic crisis similar to those in 1998 and 2009 is not looming to Russia any longer, governmental officials believe. Even if the oil prices go down 50% to 80 dollars per barrel, Russia’s GDP will be growing at the same rate as today. According to independent economists, such optimism of state officials is not justified at all. “This is just impossible!” director of the strategic analytical department of the Russian audit and consulting company FBK Igor Nikolayev said. “When the budget has a deficit even with an oil price of 120 dollars, no economic growth will help in case of the reduction to 82 dollars. Only the investment programs can be curtailed, and state expenditures can be cut for economy and the growth of foreign borrowings.