The Russian government prepared itself for a protracted sanctions

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Photo: Viktor Korotayev / Kommersant

The Ministry expects that the anti-Russian sanctions will continue until at least 2024.Such conditions are incorporated in the macroeconomic forecast of development of Russian economy. This was announced by the head of the Ministry Maxim Oreshkin, reports TASS.

“If something will change, of course, always going to look, but while the reason for some major changes in the forecast we don’t see,” he said.

The Minister also said that the Ministry expects state-owned companies pay dividends of 50 percent of net profit. Exceptions can be made only if the companies large scale investment programs.

On 5 September, the Ministry of economic development published the report “the state of the economy. August 2018”. It contains adjusted forecast of the ruble. In 2018 the average level will stay in the area 61.7 rubles to the dollar (compared to 60.8 in the previous forecast), in 2019 at the level of 63.9 ruble (against 63.2 per).

Economic development also more than doubled its forecast for capital outflow from Russia. Until the end of the year it should reach $ 41 billion against the previously projected $ 18 billion.

It also became known that the Russian security Council gathers suggestions from various agencies to counter the sanctions. Among them is the idea of entering into international treaties norms prohibiting the use of U.S. law as well as banning foreign partners to refer to sanctions as force majeure. Made their proposals and the Ministry of economic development, however, specific measures are not called.

Video, photo All from Russia.

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