GORKI (Sputnik) — Russia’s economic anti-crisis plan has fulfilled its task and helped to largely neutralize the impact of external factors on the country’s economy, Prime Minister Dmitry Medvedev said Tuesday.
On January 28, Russia announced a $35-billion anti-crisis plan, comprising 60 measures to stabilize the economy, which had been weakened by Western economic sanctions and falling oil prices.
“I think that the anti-crisis plan has fulfilled its task. It has helped to a great extent, not completely, of course, but to a great extent, to neutralize influence of external factors on the economy,” Medvedev said at a meeting on the execution of the anti-crisis plan.
The prime minister added that although the peak of the economic crisis has passed, the government would not stop working on the areas designated in the plan.
Global oil prices, on which the Russian budget is heavily dependent, plummeted in 2015, currently hovering around $35 per barrel – which is a third of the prices seen in the summer of 2014.
