“If you want to learn more about inflation, come to Russia” —Arkady Dvorkovich, Russian public servant and economist, joked at the Volatility panel in Davos.
Volatility discussion slid into the discussion on Russian economy a great deal today as other participants had many questions regarding the country’s situation given the sanctions imposed after the meddling in Ukraine and the fall in oil prices, the key commodity for Russia.
Arkady Dvorkovich, who was appointed as Deputy Prime Minister during Dmitry Medvedev’s reign, responded to many questions that arose about the prospects of the Russian economy with the current plunge in oil prices.
Dvorkovich emphasized stability as the most important factor for the Russian economy, saying that it can keep afloat as long as the oil prices remain at a general same level, even if they are extremely low.
For more information on Russian economy watch “The Russia Outlook”
panel on January 23rd, 12:15 pm Georgian time.