Russian Prime Minister Dmitry Medvedev says the country would plunge into a “deep recession” if the government abandoned its spending plans.
Speaking Tuesday in Moscow before leading officials of the ruling United Russia party, Dmitry Medvedev said the government will stay focused on its strategic aims and social spending to avoid the likelihood of sliding into recession.
Medvedev blamed foreign sanctions, saying the country is worse off than during the 2008 crisis, because “a number of countries are in effect hampering our economy.”
Russia’s economy has been greatly affected by the oil price-drop and is widely …read more
Source: Voice of America
