Russia Says Has Enough Reserves To Ensure Anti-Crisis Plan Implementation

Posted by EM_Equity ⋅ January 30, 2015 ⋅ Leave a comment

Filed Under $RUB, BRICS, Crisis, economic collapse, Economic Crisis, Economy, EM, Eurasia, FX, Geopolitics, Government, investing, Investment, Reserves, Rouble, Ruble, Russia, Vladimir Putin

Photo courtesy TASS / © Vladimir Smirnov.

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The state has enough reserves to ensure the implementation of the government’s anti-crisis plan, State Duma Speaker Sergey Naryshkin said on Friday.

“The state has enough resources and budget reserves to ensure the full implementation of the government-proposed anti-crisis plan,” Naryshkin said before the Duma meeting, at which First Deputy Prime Minister Igor Shuvalov was to present the plan.

The speaker proposed to use the successful experience of cooperation between executive power and the legislature during the crisis in 2008. “Naturally, we must use the very good experience of cooperation between executive power and legislative power during the 2008-2009 period, when the government proposed such an anti-crisis plan,” the head of the parliament’s lower house said.