Russians must “learn to live” with low energy prices, Medvedev urges

Dmitry Medvedev Russian Prime Minister

Russian Prime Minister Dmitry Medvedev

Russians must “learn to live” with low energy prices, its Prime Minister Dmitri Medvedev told delegates at last week’s Gaidar Forum. For its part the government working on plans and policies relating to import substitution and was also will developing a mechanism of finance infrastructure projects through the National Welfare Fund. Russia’s Minister of Economic Development Alexei Ulyukayev added it was also going to be necessary to reduce the regulatory burden on small business, and to work out a system of tax exemptions for them. Russia had a real opportunity to achieve serious progress in the field of non-oil exports, he said.