Novak named risks for the Russian economy

The risks for the Russian economy are a slowdown in the global economy and the regionalization of trade, as well as, within the country, a longer period of tight monetary conditions and a shortage of personnel, said Deputy Prime Minister of the Russian Government Alexander Novak.

The Deputy Prime Minister speaks at a government hour in the Federation Council with a story about the forecast for the country's socio-economic development for the next three years.

“In the forecast, we take into account internal and external risks: external - this concerns the slowdown of the global economy, the regionalization of trade, sanctions restrictions. Internal - of course, this is a question of a period of fairly strict monetary conditions, a shortage of personnel,” he said.

He also noted that in general the forecast presented is moderately conservative.