Photo: POOL/TASS/Dmitry Astakhov
the Stage of the “new economic reality” occurs in Russia. The authorities are fully prepared for it. This statement was made by Minister of Finance Anton Siluanov.
according to the words of the head of the Ministry of Finance RIA Novosti, the spread of coronavirus infection COVID-19 will affect all industries, not just oil.
“For us it’s like a new reality, we are nevertheless to this reality is ready”, – said the Minister.
According to Siluanov, the country has accumulated sufficient gold reserves of the Central Bank. In addition, there are government reserves, which is enough for all of the changes occurring in the economy and the budget.
the Minister reported that the revenue base will be gradually reduced. This scenario the government has also introduced.
“the Fat days are gone, now it is necessary to more efficiently manage those resources that are available in the state,” he concluded.
According to the Central Bank on March 20 of this year, Russia’s international reserves was equal to the sum 551,2 billion.
Earlier, the price of Brent crude oil fell to 31.69 dollar per barrel. Thus, raw materials fell by 9 percent.
Press Secretary of the President of Russia Dmitry Peskov urged to prepare for global economic crisis. According to the representative of the Kremlin, to overcome the financial turmoil will need to coordinate action on the part of many States.
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