GORKI (Sputnik) — The Russian prime minister said that despite the fact that economic situation in Russia remains difficult, it is under control.
"The worst scenarios, perhaps, did not take place. The economic situation remains difficult, but controlled, thanks, among other things, to the joint work of the government, the Central Bank, the legislature," Medvedev said.
The Russian economy underwent a slowdown caused by a sharp decline in global oil prices and, to a lesser extent, by Western sanctions imposed on Moscow over its alleged role in the internal Ukrainian conflict — a claim Moscow has repeatedly denied.
In January 2015, the Russian government presented an anti-crisis plan, stipulating spending cuts in an effort to balance the country’s budget.
In spring 2015, the Russian ruble began to strengthen against the US dollar and the euro, while Russia's Finance Minister Anton Siluanov said that the lowest point in the recession had passed.
