Russian government outlines $35 billion anti-crisis plan

Russia's government intends to spend at least 2.34 trillion roubles ($35 billion) to help the economy withstand Western sanctions and the collapse in oil prices, according to a plan which implies the final cost could be much higher. The plan said that these costs were still subject to government discussion. Russia's Finance Minister Anton Siluanov said on Tuesday that the plan wouldn't add to total budget expenditures, because of budget reserves and cutbacks elsewhere. Some major items are being financed from the National Wealth Fund, an $80 billion sovereign fund that had previously been assigned to fund infrastructure projects.



via Business News http://ift.tt/1JFQtUH