Russian president out on the wires

  • 2016 budget deficit should not exceed 3% of GDP
  • Russian budget to be submitted to Duma in Oct
  • govt should consider tapping windfall revenue that exporters recd from rouble deval
  • any such move should be done carefully in order not to damage financial performance of exporters
  • stability of state finances is key priority

Lest we forget the not inconsequential impact of Russia on the global economic landscape

Russia's Putin - Economic situation "difficult but not critical"