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Deputy finance minister says US elections outcome won’t have impact on Russian economy

MOSCOW, November 1. /TASS/. The outcome of the presidential elections in the US won’t have a significant impact on Russia’s economy, Deputy Finance Minister Maxim Oreshkin said at the S&P Global Ratings conference.

"The US elections will be held in a week. It will have a much smaller influence on Russia because now our balance of payment balance does not depend on external financing," he said.

He added that Russia is now much less dependent on external risks than two-three years ago.

Such extraordinary events as "hard landing" in China (GDP decline in China - TASS) or Brexit will have much smaller influence on the Russian economy. The main external factor that may influence Russia is the dynamics of global oil prices, Oreshkin said.