Russia’s Draft Anti-Crisis Plan to Provide Support for Regions, Industry

Russia’s Draft Anti-Crisis Plan to Provide Support for Regions, Industry © Sputnik/ Grigoriy Sisoev

10:25 27.01.2016(updated 10:48 27.01.2016) Get short URL
http://sputniknews.com/russia/20160127/1033769208/crisis-russia-ruble-plan.html

A preliminary draft of the Russian government anti-crisis plan for 2016 is designed primarily to support the regions and the production sector, local media reported on Wednesday.

MOSCOW (Sputnik) — According to the Kommersant daily, the draft plan, sent by Russia’s Economic Development Minister Alexei Ulyukayev to Prime Minister Dmitry Medvedev on Monday, contains 96 preliminary approved initiatives worth about 500 billion rubles (some $6.4 billion), of which 310 billion rubles will be directed to support of the regions, while some 200 billion rubles are to support non-financial sector of the economy, primarily engineering.

The plan, slated to be finally approved in mid-February, will be reportedly discussed later in Wednesday at a meeting with Russian President Vladimir Putin.

The Russian economy experiences a slowdown caused by a sharp decline in global oil prices and, to a lesser extent, by Western sanctions imposed on Moscow over its alleged role in the internal Ukrainian conflict — a claim the Kremlin has repeatedly denied.

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