Add to favorite
Subscribe to our Newsletters Subscribe to our Newsletters Get Daily Updates RSS

Russia Is Experiencing a Full-scale Crisis
3.06.2015 15:27
Russia Is Experiencing a Full-scale Crisis

The Head of the Committee of Civil Initiatives and the former Finance Minister Aleksei Kudrin thinks that Russia is experiencing a full-scale crisis, the peak of which has not yet been passed.

      He announced this on Monday, June 1 in an interview to “Interfax”. According to him, the decline in some industry sectors reached peak indicators of the years 2008-2009. The Head of the Committee of Civil Initiatives expects that the decline of Russia’s GDP will be greater in the second quarter 2015 than in the first one.

      “After that the situation may become better, and the decline may stop, but GDP will still show a decline statistically, as compared with the same period of last year” - Kudrin said. This year the decline in GDP will amount to about 4 percent, “that is, slightly higher than the Economic Development Ministry is planning” - he added. The “complicating factors” named by Kudrin are the price of oil and the situation in Ukraine.


Author: Anna Dorozhkina

Tags: Kudrin crisis    

Next Previous

You might also find interesting:

Comment on our site

RSS   twitter      submit

City Hunter  Russian army  Russian theatres  Alexander Pushkin  US sanctions  Russian Internet Week 2012  Russian companies  sanctions  Russian univesities  Irkutsk Region  Russian business  Russian scientists  Russian designers  wildfires  Russian tourism  Saint Petersburg Hotels  Innovations  Nizhny Novgorod Region  Sergey Urusevsky  Russian economy  Fairs in Moscow  Anna Miss Remizova  Museum of erotic art  Moscow actions  Russian Astronauts  freedoms in Russia  Military Museums  Shopping in Kazan  Graphic Art  Belgorod Shooting  St. Petersburg  Arkhip Kuindzhi  Andrei Tarkovsky International Film Fesival MIRROR  Aeroflot  Exhibitions in Moscow  Dolphins  Grigori Aleksandrov  Cancer  Rutger Hauer  Russian Cinema  Holy Trinity Lavra  Mercedes-Benz Fashion Week Russia  Andrei Panin  business  Russian oligarchs  Soviet Animation  Jazz  Russian science  Bugulma  Moscow 

Travel Blogs
Top Traveling Sites