Time not ripe yet to lift sanctions off Russia but issue may get to agenda — MerkelWorld August 28, 20:40
Medvedev signs order lifting ban off chartered flights between Russia and TurkeyBusiness & Economy August 28, 15:01
Gerard Depardieu opens cultural center in SaranskSociety & Culture August 28, 7:22
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
GORKI, February 5 /TASS/. Russia should take advantage of low oil prices to change the structure of its economy, Prime Minister Dmitry Medvedev said at a meeting with the candidates to the Supreme and the General Councils of the United Russia party. On the contrary their recovery to the previous level would let the authorities relax again, he added.
"The challenges we face now — if they were not here, we should have probably made them up. Of course, low oil prices, in general hamper us now. But, on the other hand, when I meet my colleagues at the government, I can frankly tell you that I tell them: if the oil prices grow back to their previous level (people don’t always have a strong will to set their own beliefs to economic factors) if the price is back to 140 [dollars per barrel], everyone will relax again," Medvedev said.
According to him, people will act according to the principle "leave well enough alone."
"When everything seems to go smoothly again, you can start forming various funds again. And that the way it will be, believe me. If tomorrow we see such a leap [in oil prices — TASS] by three four times — that will be over. That is why we are obliged to use these difficult moment and really change the structure of the economy," Medvedev said.
The Prime Minister said that the policy of import substitution means that it is necessary to make products and goods that would compete on the international markets. "That is what import substitution is", the head of the Russian government said.