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Russia to Develop Measures to Resist Economic Challenges

© AFP 2023 / ALEXANDER NEMENOVA Russian ruble coin is pictured in front of the Kremlin in in central Moscow, on November 6, 2014
A Russian ruble coin is pictured in front of the Kremlin in in central Moscow, on November 6, 2014 - Sputnik International
Russia will develop a set of measures to withstand economic challenges, including volatility of global financial markets, country’s Economic Development Minister Maksim Oreshkin said Wednesday.

MOSCOW (Sputnik) — On November 30, Russian President Vladimir Putin signed a decree appointing Oreshkin the country's new minister. He replaced former Economic Development Minister Alexei Ulyukayev, who was caught in the act of taking a $2-million bribe for a positive appraisal that allowed Russian energy company Rosneft to buy the state's shares of Bashneft oil company.

President Vladimir Putin (File) - Sputnik International
Russia Must React Preventively to External Economic Risks - Putin

"This is the first group of challenges and threats – volatility of global growth, instability of global financial markets, which of course impacts all global economies in today’s interdependent world," Oreshkin stated after Russia’s Security Council meeting.

The second group is related to increasing global competition of countries in the context of flagging global economic growth, while the third – to structural limitations to growth inside the country, Oreshkin added.

The fourth group of challenges is linked to financial, transport and energy infrastructure resilience to external influences and internal problems, the minister explained.

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