Lavrov urges Steinmeier not to fuel tensions over Serbian Republic eventsRussian Politics & Diplomacy September 29, 21:26
Diplomat: Polish authorities intentionally worsen relations with RussiaRussian Politics & Diplomacy September 29, 21:18
Germany urges Russia to agree to ceasefire in Syria longer than 48 hoursWorld September 29, 20:40
Kerry: US standing on verge of calling off talks with Russia on SyriaWorld September 29, 20:00
Putin, Merkel call for joining efforts to establish truce in SyriaRussian Politics & Diplomacy September 29, 19:54
Putin, Merkel agree schedule of Normandy Four contacts on Donbass settlementRussian Politics & Diplomacy September 29, 19:31
Russia concerned over US' statements on readiness to use nuclear weaponsRussian Politics & Diplomacy September 29, 19:01
Russia to hold consultations with OPEC on oil production cap in October-NovemberWorld oil prices September 29, 19:00
Rosneft claims almost $50 mln from RBC media holding for reputational damageBusiness & Economy September 29, 18:51
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.