Russia’s President Vladimir Putin told the population about the pillars the domestic economy is based on and revealed the nearest outlook. Being obviously inspired, the President mentioned in his speech new opportunities for the economy’s breakthrough on the ground of the three driving forces which underpin the Russian economy. So, Russia’s economy survives on such three factors as a non-deficit budget, massive reserves, and a solid current account balance. The President highlighted the economy is capable to withstand serious ups and downs on the forex market. “Yes. Currently, we have to deal with serious fluctuations on the forex market. Different views are being expressed on this situation. I would like to highlight the essential thing: we have very strong fundamentals which ensure stability. These are a non-deficit budget, considerable reserves, and a robust current account balance,” the Russian leader noted. He added that the current account surplus came out even bigger than it had been expected. In the speech at the 6th VTB Capital Investment Forum, the president assured the guests that Russia will not impose restrictions on foreign currency circulation in the country, the U.S. dollar and euro in particular.
