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The Russian economy: the worst is over

Российская экономика: самое страшное позади

Deputy Minister of Finance Maxim Oreshkin said that the Russian economy has already experienced a peak moment of instability, and, from now on, each subsequent change of conditions will be perceived less painful.

According to Oreshkin, certain risks still remained, but the worst is far behind: adaptation will be softer, since fluctuations and General instability has had a much more restrained “amplitude”. At the moment the Russian economy is quite adjusted to the current oil prices ($30-40 per barrel), therefore, the balance of payments had also bounced back.

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