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Russia’s GDP to drop by less than 3% by year-end — PM

"Certain experts predicted almost double-digit figures for the possible decline. It has already become obvious that pessimists made a mistake," Mikhail Mishustin said

Russian Prime Minister Mikhail Mishustin Dmitry Astakhov/POOL/TASS

Russian Prime Minister Mikhail Mishustin

© Dmitry Astakhov/POOL/TASS

MOSCOW, November 23. /TASS/. According to preliminary estimates, Russia’s GDP may drop by less than 3% by the year-end, Prime Minister Mikhail Mishustin said on Wednesday.

"A certain slowdown of dynamics was inevitable in the evolved situation. The economy needs time for transformation. Gross product data are now much better, if we compare them with forecasts made in the first six months of the year," the Prime Minister said.

Certain experts predicted almost double-digit figures for the possible decline, Mishustin noted. "It has already become obvious that pessimists made a mistake," the Prime Minister said. "According to our preliminary forecasts, we may well reach the figure of probably less than 3% [of the GDP decline - TASS]," he added.

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Russia vetoes US-backed UNSC resolution on banning nuclear weapons in outer space

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Blinken’s visit to China meant to shatter Russian-Chinese ties — senior Russian diplomat

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Yury Chikhanchin pointed out that the perpetrators of the attack were provided with money, weapons, transportation and ammunition

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US stops hiding true purpose of sanctions on Moscow, Russian envoy says

"It’s not about any mythical aspirations to resolve the conflict in Ukraine, but about banal opportunistic and predatory ambitions," Anatoly Antonov said

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Russian diplomat thanks Tajik authorities for help in probe into Crocus terrorist attack

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US will have to take Russia into account and find common ground with it — Putin

Russian President said in an interview with Rossiya-1 TV channel journalist Pavel Zarubin

Ukrainian forces refuse to obey Commander-in-Chief Syrsky — CIA ex-analyst

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Ukrainian army strikes own surrendering soldiers — POW

Andrey Babenko said that after a crash course in Britain he had been sent to the frontline near Liman

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US spends millions of dollars on studying UFOs, 'covers up' information — congressman

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