Putin's Plan to Overcome Financial Crisis

Russia—

90 Billion Dollars is at Stake to Fight the Current Economic Crisis in Russia.
Prime Minister Vladimir Putin introduced the government’s anti-crisis program, and he quotes: “Russia has what it takes” to overcome the difficulties.

Putin assures the public that he and his ministers are working diligently to rectify the global financial turmoil that the country is currently trying to overcome.

Putin states: “Anti-crisis measures stipulate 1.4 trillion rubles in funds. On the whole, taking into account the effects of tax cuts, Central Bank funds, the National Welfare Fund and other sources to fight the consequences of the crisis and help the economy rebound, a total of 3 trillion rubles ($90 billion) has been allocated.”

The new plan proposed by Putin would mean a 70% increase of the budget spending on the national economy that would inevitably reach a record $52 billion a year.
The key defense sector will get approximately $5 billion (including loan guarantees) alone, and according to Putin “to protect the most important industries the government is ready to directly buy into companies' capital.”

Team Russia
Julianne Kriner