/ world today news/ Russia went through a difficult economic period, said the head of the Ministry of Finance, Anton Siluanov, at a seminar for State Duma deputies. This was announced on Saturday (October 1) by “Rambler”.
“The last two years were a shock for the budget. We faced a sharp decrease in the inflow of foreign currency into the country, a contraction of the balance of payments during this period. If you look at what periods this happened: when the USSR collapsed (oil prices fell) , at the end of the last century, when there was a devaluation and the consequences of a financial crisis. This time we went through this most difficult period for the country,” said the minister.
Siluanov explained that the stability during the crisis was determined by the accumulation of a “stock of stability” in the form of reserves for the last decade”. “They said that the Ministry of Finance was saving and investing in assets of foreign countries, not in its own economy. But the correctness of this policy, which was being carried out, was proven,” he stressed.
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