Amid continued economic deterioration, the Russian government took steps to reassure the public yesterday that its leaders are on the job. Russians have seen the purchasing power of their savings cut in half due to a plunge in the value of the ruble, brought about by a devastating decline in oil prices and a raft of economic sanctions levied by the international community in response to President Vladimir Putin’s decision to invade parts of neighboring Crimea.
On Monday, Russian Prime Minister Dmitry Medvedev admitted that the economy is facing a crisis, but said the Kremlin was focused on the problem. Russian leaders will apparently respond by holding meetings. Lots of them.
“The economic situation is quite problematic to say the least,” Medvedev said Monday, according to a number of media reports. “Therefore, all of the members of the government must hold key meetings in the areas that they coordinate, as we have already agreed.”
“This should be done regularly,” he said.
via CNBC
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Alfonso Esparza
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