PM: Russian economy to switch to stable growth in coming months

MOSCOW, Jan 19 (PRIME) -- The Russian economy should switch from adapting to external shocks to stable growth in the next few months, while sanctions and low energy prices will remain in the medium term, Prime Minister Dmitry Medvedev said on Thursday while opening a government meeting.

“Over the next few months, we will have to switch from adapting the economy to external shocks to switching it to a path of stable growth, try to give this development good dynamics despite the fact that previous negative factors – sanctions and relatively low energy prices – still remain, and let’s not indulge a vain hope – most likely they will remain in the medium term. In any case, we will assume from a conservative forecast,” he said.

Medvedev said he expected the government to submit a list of measures aimed at ensuring Russia’s stable social and economic development in 2017 for signing by the end of the week.

End