World Economy

Russia Economy Gains Momentum

Russia Economy Gains MomentumRussia Economy Gains Momentum

The Russian economy has emerged from the crisis and is gaining momentum. This momentum should be maintained, President Vladimir Putin said, adding that positive factors will gradually be felt by the population and business community, Vestnik reported. The main report on the current economic dynamics and its forecast until 2020 was made by the head of the ministry of economic development, Maxim Oreshkin. Meanwhile, Finance Minister Anton Siluanov said his department will regulate the use of crypto currencies in the country by the end of 2017. Siluanov offered insight into the government’s plans to oversee Russia’s domestic crypto currency market during an appearance at the Moscow Financial Forum last Friday. Echoing previous statements by members of the Russian government, Siluanov said banning crypto currencies does not make sense and that the ministry will likely treat digital monies similarly to securities, Reuters reports. He said, “The state certainly understands that crypto currencies are a reality, there is no point in prohibiting them.”


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