The economic situation is far from crisis of 1998, said Naryshkin

The economic situation is far from crisis of 1998, said Naryshkin


The current situation in the Russian economy has nothing to do with the 1998 crisis, said state Duma speaker Sergei Naryshkin, speaking at the Gaidar forum at the Ranepa.

MOSCOW, 14 Jan. State Duma speaker Sergei Naryshkin did not agree that the economic situation in Russia is close to the 1998 crisis.

The Russian Finance Minister Anton Siluanov warned before about possible negative consequences if the budget situation gets out of control. He stressed that the task now is to bring the budget in line with new realities, and if “we don’t do that, there will be the same as it was in 98-99-th years, when the population will pay through inflation for what we’ve done.”

“Yesterday, we heard in the hall of the assumption that if we talk about the current situation, it is very similar and we are close to the situation, as of 1998. I disagree with that,” said Naryshkin, speaking at the Gaidar forum at the Ranepa.

Agreed with Naryshkin and the Chairman of the state Duma Committee on budget Andrey Makarov, who also spoke at the forum on Thursday.

“The current situation in the economy has nothing to do with the situation in 1998”, — said Makarov.