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Russia’s Economy Faces Tough Times, Finance Minister Siluanov Admits

  • 19 Mar 11:50

Russia’s Economy Faces Tough Times, Finance Minister Siluanov Admits The situation in the Russian economy is currently not developing in the best way, with a significant deviation from macroeconomic forecasts for 2020, Finance Minister Anton Siluanov said at a meeting of the board of the Federal Treasury, according toRNS. “Unfortunately, the situation is not developing in the best way at the moment, and we deviate from the macroeconomic forecasts that we made for the current year. Of course, this will affect the budget,” Siluanov said. “Now a much more serious factor was added – the coronavirus factor. The problem is not even the virus itself, but the fact is that entire sectors of the economy are shrinking.. Read more...