Date: 2 months ago   Category: Economy

Oreshkin told about security of economy of Russia from trade wars — Rambler News Service


The Russian economy is one of the negative factors which are most protected from influence, in particular, of trade war between the USA and China, the Minister of Economic Development Maxim Oreshkin on the sidelines of board of Rosstat told journalists. "Russia is in many respects one of the most protected economies for such external influence now", - Oreshkin said, answering a question of the impact of relationship of the USA and China on the Russian economy. According to Oreshkin, at the first stage drop in oil prices which can happen because of trade war "will be compensated for domestic market by decrease in volumes of acquisition of currency by the government in the foreign exchange market". "That is it is excess income which we accumulate now, it just becomes to compensate and as much as possible to smooth here such scenarios with negative external impact", - Oreshkin said. According to the Minister of Economic Development, relationship between the USA and China can concern all world financial markets, including "will touch also the Russian market". Oreshkin emphasized that "full trade war between the USA and China with duties about 25% are what will destroy chains of added value that will destroy added value in world economy". It in turn "will affect growth rates of world economy, first of all due to industrial production which will be open seriously to attack first of all in this part", the Minister of Economic Development notes. The minister considers that at the negative scenario the world economy can lose up to several percent of global GDP, "from a basic trend to lose several percent, that is not to go to minus, and instead of growth in 3-3.5% to show growth rate several percent lower at serious escalation".

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