MOSCOW: Russian Economic Development Minister, Alexei Ulyukayev, said during a United Russia presidium meeting in parliament house that Russia will maintain industrial production above 1.5 percent in 2015.
“We are now preparing proposals for a new medium-term forecast for the period 2016-2018, where we assume that 2016 will be the beginning of recovery growth,” he said.
Russia’s oil-dependent economy has seen a slowdown over the past year amid a global drop in oil prices. In addition, US and EU sanctions against Russia over its alleged involvement in the Ukrainian internal crisis have negatively impacted the economy.
