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Finance minister says Russian economy cooling down

Anton Siluanov added that summer always comes after the cold

Russia's Finance Minister Anton Siluanov Alexey Danichev/POOL/TASS

Russia's Finance Minister Anton Siluanov

© Alexey Danichev/POOL/TASS

ST. PETERSBURG, June 19. /TASS/. Finance Minister Anton Siluanov has said that the Russian economy is "cooling down," adding that "summer always comes after the cold."

"We are facing a cooling now. Summer always comes after the cold," he said at the St. Petersburg International Economic Forum (SPIEF).

The St. Petersburg International Economic Forum (SPIEF) is taking place on June 18-21. This year, the event is held under the theme "Shared Values: The Foundation of Growth in a Multipolar World." The program includes the SME Forum, the Creative Industries Forum, the Day of the Future International Youth Economic Forum, the Drug Security Forum, and the Roscongress Urban Hub discussion platform. The Roscongress Foundation is the organizer of the St. Petersburg International Economic Forum. TASS is its information partner.

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