Russian govt agrees on 2016 bailout plan’s financial parameters

MOSCOW, Feb 4 (PRIME) -- The Russian government has agreed on financial parameters of an economic plan for 2016, Economic Development Minister Alexei Ulyukayev told reporters on Thursday.

“I believe that this plan will be adopted in weeks to come… At present, we have to adjust some plan items, because ministries and services demand a lot, and cannot be fully satisfied, we must find a balance,” he said.

The government also plans to cut costs of Russian gas giant Gazprom, Ulyukayev, who was nominated to Gazprom’s board of directors, said.

“In this case we will follow a cost-cutting policy, I believe that the company is also interested in it, there is a lot of possibilities to do it,” the minister said.

End