Russia to spend $9 billion to support economy hit by international sanctions: PM

Russian Prime Minister Mikhail Mishustin says the country aims to spend around 1 trillion rubles ($9 billion) on measures to support an economy hit by international sanctions.

AP , Tuesday 15 Mar 2022,

File Photo: Russian Prime Minister Mikhail Mishustin leads a cabinet meeting on economic issues in Moscow, Russia, Friday, March 11, 2022. AP

Mishustin said the government would work with other ex-Soviet countries to reshape their trade relationships with a focus on helping Russia to get the imports it needs.

Mishustin said the measures aim to ``ensure the maximum flexibility for the economy, remove internal restrictions on business and give more freedom to entrepreneurs.''

Russia's economy has been disrupted after foreign companies in a wide range of industries suspended their operations in Russia following the invasion of Ukraine.

The government's responses so far have included programs to support lending to businesses, suspending some regulatory processes, and restricting exports of grain and sugar.

Search Keywords:

ADD COMMENT

Your name: *

Your email: *

Comment’s Title: *

Comment:

Ahram Online welcomes readers' comments on all issues covered by the site, along with any criticisms and/or corrections. Readers are asked to limit their feedback to a maximum of 4000 characters (roughly 200 words). All comments/criticisms will, however, be subject to the following code

We will not publish comments which contain rude or abusive language, libelous statements, slander and personal attacks against any person/s.
We will not publish comments which contain racist remarks or any kind of racial or religious incitement against any group of people, in Egypt or outside it.
We welcome criticism of our reports and articles but we will not publish personal attacks, slander or fabrications directed against our reporters and contributing writers.
We reserve the right to correct, when at all possible, obvious errors in spelling and grammar. However, due to time and staffing constraints such corrections will not be made across the board or on a regular basis.