Dvorkovich: Russia's economy probably expects decline in 2016

Dvorkovich: Russia's economy probably expects decline in 2016

Russian Deputy Prime Minister Arkady Dvorkovich said at the Krasnoyarsk Economic Forum that the Russian economy this year is under the threat of decline. However, in his opinion, the key factor is the authorities' actions.

"Yes, of course a decline is possible for various reasons, but there is no predetermination. It is almost entirely dependent on our actions," the deputy head of the Russian government noted.

According to him, "the external circumstances may be too strong." "But, nevertheless, in the majority of the external scenarios we can stabilize our economic situation," Interfax cited Dvorkovich as saying.

The Deputy Prime Minister also suggested that if an agreement on the freezing of oil output is reached there should be no further drop in oil prices.

"Such predictions are difficult to make, but there should be no serious drop in the future," the Deputy Prime Minister said.

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