The Russian economy will transition to sustainable, balanced growth rates next year, with GDP growth expected to be around 1% by the end of this year, Russia's Finance Minister Anton Siluanov said.
"We are seeing a planned slowdown in the dynamics of economic development, which should lead to sustainable, balanced growth rates starting next year," Siluanov said.
According to the minister, Russia's GDP growth will be around 1% by the end of this year, the Rossiya-24 TV channel reported.