Economic Development Minister rules out possibility of new default in Russia
Economic Development Minister Maxim Reshetnikov ruled out the probability of a default in Russia similar to the one the authorities announced in 1998.
He made it clear in an interview with the Pozner talk show on Russia’s Channel One.
"No," Reshetnikov said, answering the question of the presenter, if there at least a minimal probability of default now as it was as in 1998.
He stressed that in the current situation, the government should help entrepreneurs, "so that they still have a desire to do business and develop their business in Russia."
"It seems to me that in the long run and we will understand what this crisis has shown us: we have built a very developed, very diversified economy. Indeed, unlike 2008, when we primarily saved large enterprises, we are now talking about small and medium business," - the minister said.
Earlier on Thursday, speaking at a cabinet meeting, Prime Minister Mikhail Mishustin said that more than 500,000 small and medium-sized enterprises employing more than 3 million people will receive direct financial support from the state.
Source
He made it clear in an interview with the Pozner talk show on Russia’s Channel One.
"No," Reshetnikov said, answering the question of the presenter, if there at least a minimal probability of default now as it was as in 1998.
He stressed that in the current situation, the government should help entrepreneurs, "so that they still have a desire to do business and develop their business in Russia."
"It seems to me that in the long run and we will understand what this crisis has shown us: we have built a very developed, very diversified economy. Indeed, unlike 2008, when we primarily saved large enterprises, we are now talking about small and medium business," - the minister said.
Earlier on Thursday, speaking at a cabinet meeting, Prime Minister Mikhail Mishustin said that more than 500,000 small and medium-sized enterprises employing more than 3 million people will receive direct financial support from the state.
Source