The next wave of the Russian ruble’s depreciation is projected for 2014–2015, Deputy Economic Development Minister Andrei Klepach said Friday at a conference in the Altai Region resort town of Belokurikha, ITAR-TASS reported.
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MOSCOW: Russian President Dmitry Medvedev on Thursday urged private businesses to help the government modernize the country in return for government aid distributed during the economic crisis, ITAR-TASS reported.
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MOSCOW: Russian President Dmitry Medvedev has instructed the government to take measures aimed at improving Russia's investment climate, the president's press service said Thursday.
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The meeting of G7 finance ministers and central banks chiefs opened the Canadian Arctic town of Iqaluit on February 5. Russia was not invited for the meeting, Russia’s deputy finance minister Dmitry Pankin said. Therefore, the meeting will be held in the format of the 1990s, i.e. the Group of Seven. Official spokespeople for Russia’s Foreign Ministry said that such a decision was erroneous.
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The European Union responded to Dmitry Medvedev’s appeal to modernize the Russian Federation. European officials even sent “Partnership for Modernization” draft project to their Russian counterparts, Russian news agencies said. The European Commission believes that Russia at first needs to guarantee the rule of democracy and human rights nationwide before it could adjust its economy to European standards.
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