UPDATE: Russia’s new economic plan to require 828 bln rbl

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MOSCOW/CHEBOKSARY, Feb 9 (PRIME) -- Russia’s new plan of economic actions for 2016 requires 827.72 billion rubles of financing, according to a draft document seen by PRIME on Tuesday.

In accordance with the document, 446.87 billion rubles to finance the plan will be allocated directly from the budget, 207.4 billion rubles will be provided from the government’s anti-crisis fund, and 39.8 billion rubles will come from the National Wealth Fund.

Deputy Minister Oleg Fomichyov said that the Economic Development Ministry submitted to the government a new plan of economic action in 2016 on Monday.

Authorities said on numerous occasions that this plan is not only aimed at solving the current problems of the Russian economy, but contains structural measures aimed at ensuring stable socioeconomic development.

Among other measures, the plan encompasses additional measures on import substitution in agriculture, including boosting Russian Agricultural Bank’s capital by 10 billion rubles before April.

(76.8614 rubles – U.S. $1)

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