Protesters pelt Ukrainian embassy in Moscow with eggsRussian Politics & Diplomacy August 28, 0:41
Russian sports minister says couple pages missing from McLaren's initial reportSport August 27, 13:26
Lavrov, Kerry round up 12-hours-long talks in GenevaRussian Politics & Diplomacy August 27, 2:50
Competitions for Russian Paralympians banned from Rio to be held in early SeptemberSport August 26, 21:35
Russian swimmer breaks world record in 100 m IM on short courseSport August 26, 21:15
Russian lawmaker believes prospects for pan-European Army dim after BrexitRussian Politics & Diplomacy August 26, 21:01
Bombers and interceptor aircraft redeployed to southern Russia from PermMilitary & Defense August 26, 20:50
Tokyo refrains from commenting Russia’s offer to join relief operation in SyriaWorld August 26, 19:45
Russia files appeal with Swiss court on CAS ruling on Paralympians' banSport August 26, 19:23
MOSCOW, April 14. /ITAR-TASS/. Russian economic growth rate in 2014 will depend partially from developments in the Russian Republic of Crimea, Russian First Deputy Prime Minister Igor Shuvalov said in an interview with magazine Forbes on Monday.
“The World Bank forecasts more than 1% economic growth in the country,” he recalled, noting that “By the way, this is not worst scenario. We have more pessimistic assessments in the country. But I will not dare to give some tough forecasts.”
“The situation is changing,” Shuvalov said, noting that “We should decide how and from which reserves we will invest in socio-economic development in Crimea. Now we are considering funding of state programmes until the end of political cycle that is until 2018. After this I would make forecasts of further economic growth.”
The first deputy prime minister noted that debate was in progress in the government “between those who insist on higher state expenditures and those who want to have a more responsible macroeconomic policy.”
“There are two points of view about what is better: now to endure lower economic growth rate, but to reach a higher rate a little bit later or to boost growth now that will probably create more risks in the future,” he added.