Ombudsman for entrepreneurs under the President stated that Russia has the money to the US economy and there is no Russia

Russian investments in US equities after a sharp decline in 2014, increased by $3.8 billion, to $108,7 billion, this was written by the Ombudsman under the Russian President for human entrepreneurs Boris Titov article for the «Arguments and Facts».

He noted that the U.S. economy, according to IMF forecasts, for the year increased 2.1%, the EU economy by 1.9%, while Russia’s economy with growth of 1.4% in «lagging» behind all of them because the rest of the world accelerates, catching up with the leaders.

According to Titov, the Russian economy if China’s GDP growth by 1% need to grow by 5% to keep the ratio of the economies at the same level.

He explained that from 1992 to 2016, Russia’s share in global GDP has decreased from 5.2% to 3.2%, while maintaining the current situation by 2030, its share in the global economy will decrease to 2%.

The Ombudsman added that long-term trends in mineral raw materials and the geopolitical situation does not play in favor of Russia, and growing pressure from the United States. And the financial authorities continue to export the resource in the United States, which at any moment can block Russia’s access to its resources.

Titov added that the Russian Ministers responsible for Finance and economic development, do not believe in their own country.

In 2014 the volume of international reserves of Russia fell. In the beginning of the year they were estimated at $509,5 billion by the end of the year fell to $388,5 billion In 2015, Russia’s international reserves fell by $20.5 billion to $368 billion as of April 29, 2016, the gold reserves of Russia amounted to $390,1 billion, but since the end of April to the end of December decreased by $11 billion, and as of December 23, the gold reserves of Russia amounted to $379,1 billion.

According to the Central Bank, on 16 June, foreign exchange reserves of $than406. 4 billion – more than $100 billion less than before the aggression against Ukraine.




Ombudsman for entrepreneurs under the President stated that Russia has the money to the US economy and there is no Russia 05.08.2017

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Август 5th, 2017 by
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