Medvedev denied “the disruption to shreds” the Russian economy

Medvedev denied “the disruption to shreds” the Russian economy


Moscow. April 20. The Russian economy, despite the difficulties, manages to remain stable, although she is predicted to be “in tatters”, said Prime Minister Dmitry Medvedev.

“We have repeatedly predicted disaster, saying that the economy will collapse. In the words of one of my colleagues, she “will be torn to shreds.” We are directly involved in the Russian economy, and understand that any pieces not present”, – Medvedev said on Wednesday at a Board meeting of the Ministry of Finance.

According to him, the Russian economy has problems, but if you look at the history of the last decades, “the current state of the Russian economy and financial system is much better than a certain historical period”.

Assessment of Russia in the international credit ratings remained unchanged, but decisions are made not only on economic factors, there is a political component, said Medvedev.

“Despite the extremely negative attitude of these same rating agencies a year ago, this year, amid a large-scale revision of the credit ratings of all primary producing countries, assessment of Russia left unchanged”, – said Medvedev.

However, he suggested that this may have occurred due to the fact that “initially they were too low”. “Still, we believe that in addition to purely economic factors that affect the decisions of rating agencies, there is still not without its political component,” he said.

The Prime Minister commented on the sanctions against Russia. In his opinion, the sanctions against Russian companies and banks, most likely, will remain.

“Further strengthening of the financial system, we also need, especially because of foreign sanctions in relation to Russian companies and Russian financial sector is preserved. And, unfortunately, judging by the indicators that we have, they might still persist,” – said Medvedev.