MOSCOW (Sputnik) – Russian President Vladimir Putin held a working meeting with the Cabinet’s economic bloc members to discuss the 2016 economic action plan, Kremlin spokesman Dmitry Peskov said Saturday.
"The heads of the Cabinet of Minister’s economic bloc reported the details of the government’s plan of action to ensure Russia's sustainable socio-economic development in 2016, which is currently being finalized, to the president" Peskov told reporters.
Russia’s draft anti-crisis action plan contains 96 preliminary initiatives, estimated to cost around $6.5 billion, to support regional economies and non-financial sectors of the economy, most notably engineering.
The Russian economy is experiencing 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 the Kremlin has staunchly denied.
