Non-Oil Deficit in Russia at Highly Dangerous Level - Putin
Monday, 11 January 2016 04:00
Non-Oil Deficit in Russia at Highly Dangerous Level - Putin
Russia

06:00 11.01.2016(updated 06:47 11.01.2016) Get short URL

MOSCOW (Sputnik) — On Wednesday, Brent crude benchmark hit $34.93 a barrel, 1.5 percent down from the day before and the lowest since 2004.

"When oil prices are high, it is very difficult to resist using oil revenues for current expenses. Our non-oil deficit has increased to a very dangerous level, in my opinion. We are now forced to lower it, and this is healthy [for the economy]," Putin told Germany's Bild newspaper.

According to the president, the Russian economy will gradually become more stable.

"We believe that we will gradually move toward stabilization and economic growth."

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source: http://sputniknews.com/russia/20160111/1032920365/non-oil-deficit-russia.html

source: http://www.rusbg.com/en/non-oil-deficit-in-russia-at-highly-dangerous-level-putin.html

 

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