Economic situation can be improved in Russia in 2018, Federal Council says

Economic situation can be improved in Russia in 2018, Federal Council says

In 2018, Russia has a chance to change the economic situation for the better, but this requires serious steps, the first deputy chairman of the economic committee of the Federation Council, Sergei Kalashnikov, said.

According to him, in 2017, the country had a favorable economic situation, but it was not used to the full. He noted that the country was able to halt the decline occurred in 2015-2016.

According to the senator, the main characteristic of the past year was the stability of the ruble against the dollar and the euro, which determined the sustainability of Russian business. "The Russian ruble has ceased to be attractive for the currency speculators as it was in 2014-2015," Kalashnikov explained.

However, along with this, the senator expressed regret that the country failed to use of the favorable economic situation to the full for carrying out serious reforms and real improvement of the economic processes in the country.

The senator also called the existing system of economic management ‘post-Soviet’, due to the fact that this development model of the state economy has not been built up quite clearly.

"Real incomes of the population continued to fall in 2017, despite the low inflation, which in practice was generated by a drop in the purchasing power of citizens, while the average purchase check increased, which indicates increased lending to the population. We will face this situation next year ", he complained.

He added that in the first half of 2018, the ruble will be quite stable, in the second half of the year, there may be a certain turbulence with a possible depreciation of the national currency. Oil will retain its value ​​in the range of 40-60 dollars per barrel, RIA Novosti reported.

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