Russia's Medvedev: Global Econ Crisis Not Yet Over

Russias Medvedev: Global Econ Crisis Not Yet Over
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Δευ, 15 Ιουνίου 2009 - 13:56
The global economic crisis hasn't been resolved, Russian president Dmitry Medvedev said, but it has prompted Russia to work harder to diversify its economy, the RIA Novosti news service reported Monday.
The global economic crisis hasn't been resolved, Russian president Dmitry Medvedev said, but it has prompted Russia to work harder to diversify its economy, the RIA Novosti news service reported Monday.

"Unfortunately, we cannot say yet that all the difficulties have been overcome. I believe this is true of the global economy and all national economies," Medvedev said in an interview with China Central Television.

He said that despite recent successes in the economy's modernization, Russia has failed to resolve certain problems, and continues to depend on key raw material exports, and as a result, the country's economy is expected to shrink in 2009.

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