Kudrin credits Putin with saving the Russian economy by building national reserve funds ...News

Russia Today - Economy
Kudrin credits Putin with saving the Russian economy by building national reserve funds
source : Russia Today ( News ) () 90
The decision by President Vladimir Putin to set up reserve funds ten years ago has saved the Russian economy, says the country’s former finance minister Alexei Kudrin, who now heads the Accounts Chamber. According to Kudrin, in 2008 when Putin served as Prime Minister, he “supported the creation of the Stabilization Fund, the Reserve Fund, and later the National Wealth Fund, which played a crucial role during 2008-2009 financial crisis.” The establishment of the funds was of “fundamental importance for saving the economy and social spending." Kudrin explained: “The salaries did not go down, while pensions even doubled during that crisi

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