Medvedev says it is “obvious” to him that Russian economy is “all right”

Medvedev says it is “obvious” to him that Russian economy is “all right”
Dmitry Medvedev Photo: Znak.com

Volumes of industrial production and trade are increasing.

Russian Prime Minister Dmitry Medvedev said that everything is all right with the Russian economy: volumes of industrial production and trade are increasing. He said this during the 33rd meeting of the Advisory Council on Foreign Investment, RIA Novosti writes.

“Speaking about the economy, it’s obvious that everything is all right: volumes of industrial production, trade are increasing. Macroeconomic indicators in Russia, as you also know, are at a very good level. Inflation is low, we try to participate in all kinds of systems and ratings,” Medvedev said.

The Advisory Council on Foreign Investment in Russia (FIAC) was formed in accordance with the decree of the Russian of September 29, 1994. The Council is a permanent body which considers and prepares proposals on issues arising from foreign investing organizations in the course of implementing investment projects in Russia. 

According to data published by Rosstat, the poverty level in Russia in the first quarter of 2019 increased to 14.3% compared to 13.9% in the first quarter of 2018. The number of Russians with incomes below the subsistence level in the first quarter of this year increased to 20.9 million from 20.4 million a year earlier.

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