Deputy Prime Minister Igor Shuvalov called the cause of the current economic recession

Current problems in the Russian economy are related to the fact that the Russian Federation has forgotten the lessons of the fall of 2008-2009, said 1st Vice-Premier of Russia Igor Shuvalov.
"My assessment is this... the Trouble for the Russian economy that modernization agenda, which arose from the crisis of 2008-09 year, was quickly washed away and replaced with an increase in the prices of petroleum products," he said at a business Breakfast Sberbank in the framework of the world economic forum in Davos, RIA " Novosti." We do not come from a single drop (2008-2009) and then gently began to move in another, even before the events in Ukraine and that is associated with the Crimea, because We very quickly began to lose pace and it was clear that there is a structural crisis, " said Shuvalov." you have to understand that the Russian Federation is placed in an extremely difficult situation. Our economic situation is bad, it will get worse, can remain so, it may happen in 2009 that the prices of our main export commodities will grow and it will seem that the economy is not all bad, " he added." What We are currently experiencing, many perceived as not such is the urgency that was in 2008, although the complexity of what We are experiencing much more state of the bad feelings deeper, " said Shuvalov. Yesterday, Prime Minister of Russia Medvedev D. A. said that the government anti-crisis plan must be finalized no later than the beginning of next week. On Wednesday, Deputy Prime Minister Igor Shuvalov said that the execution of the anti-crisis plan will require $ 1 trillion 375 billion, which the state will cover not fully funded from the budget in conjunction with the granting of state guarantees and the use of funds of the national welfare Fund (NWF). On Wednesday the President of the Russian Federation centuries Putin during discussions with members of the government measures to support the sustainability and economic development convinced that the Russian Federation will overcome the difficulties in the economy, using only market mechanisms.


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sections: Politics