Deputy Minister of Finance of the PRC Zhu Guangyao noted a significant improvement in the state of the economy of Russia and predicted further improvement ahead of the G20 summit in the Chinese Hangzhou.
“Since the beginning of last year, Russia’s economy is indeed in a difficult situation. And the main problem – very low oil price… We are very closely monitoring the economy of Russia and acknowledge the good conduct of macroeconomic policy of the Central Bank and the Ministry of Finance. We see significant improvements, but so far Russia’s economy has not yet fully returned to the positive zone. Maybe it will happen next year,” said Zhu guanyao.
Earlier, the international monetary Fund in the report to the meeting of G20 leaders noted that the Russian economy has reached the bottom of the crisis, its prospects have improved thanks to cost reduction and increase in world oil prices.
