The Deputy head of the Ministry of Finance: the situation in the Russian economy is no longer a crisis, but a new reality

The Deputy head of the Ministry of Finance: the situation in the Russian economy is no longer a crisis, but a new reality


MOSCOW, November 30. The situation in the Russian economy is no longer a crisis, but a new reality that is characterized by a fundamentally new economic conditions. Such opinion in the state Duma was expressed by the Deputy Minister of Finance Maxim Oreshkin.

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“It is important to realize that the situation in which we find ourselves, this is not a crisis, it is a new reality, with new oil prices, with a new balance of payments. And from that point, you need to gradually move forward,” he said. According to Oreshkin, the Russian economy began to recover in the summer of 2015, and now has a number of positive aspects.

The absence of a crisis calls into question the extension of the anti-crisis plan for the new year, said the Deputy Minister. “I support what about next year, it is not necessary to speak about the anti-crisis plan. Problems in the Russian economy very much, then you need to understand a range of measures to consolidate the positive trends that we have seen in the last months,” suggests..

The number of issued preferential mortgage credits is increasing

The number of issued preferential mortgage loans on November 1, 2015 $ 149 thousand for a total amount of 265 billion rubles, with the limit of 700 billion roubles for the entire programme, said Deputy Minister of Finance.

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“As of 1 November 2015 credits already issued 149 thousand worth 265 billion rubles the Program with each passing month increases in volume, so in the coming months the volume of loans will significantly increase,” he said.

According to Oreshkin, the Ministry of Finance receives signals from banks and construction companies about the effectiveness of the program. “It is about 50% of the newly created industrial housing in Russia. Therefore, the program had really strong support from the construction industry, which, of course, has experienced a strong decline in demand”, – said the Deputy head of the Ministry of Finance.