Happy new year 2009: Finance minister Kudrin promises us a deficit of the Russian state budget as huge as RUR 1.5 - 2 trillion (USD 51bn - 69bn).
"2009 will be the hardest year for Russian and global economy. It will be the worst year since the end of World War 2", Mr. Kudrin said.
// http://www.vz.ru/news/2008/12/27/242613.html
Inflation will rise but the government still does not plan cuts in financing the construction of Sochi 2014 Olympic infrastructure.
December 28, 2008
Russian Finance Minister Kudrin: 2009 Worst Year Since World War 2
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