RUSSIALINK: “Fighting inflation of global origin with internal instruments is counterproductive – Oreshkin” – Interfax

Kremlin and River

MOSCOW. Aug 2 (Interfax) – Trying to use internal instruments to curb inflation caused by a temporary wave of global demand is counterproductive and comes at a “high price” for the economy, Kremlin aide Maxim Oreshkin said. “This wave of demand is now passing over the entire global economy, affecting every economy. On one hand, it makes it possible to […]

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RUSSIALINK: “Russian economy could slip into recession in 2021, shrink by 0.6% if consumer lending growth does not slow – minister” – Interfax

Diverse Paper Currency, Coins, Line Graph

MOSCOW. Aug 27 (Interfax) – The Russian economy could slip into a recession in 2021 and even contract by 0.6% if consumer lending continues to grow at the current pace, but this is unlikely, Economic Development Minister Maxim Oreshkin said. “The baseline scenario of the forecast, which assumes stable development of the Russian economy, factors in the supposition that the […]

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RUSSIALINK: “WTO has essentially ceased to function due to U.S. actions – minister” – Interfax

Kremlin and Saint Basil's File Photo

MOSCOW. Feb 18 (Interfax) – The actions of the United States in the area of international trade have led to the World Trade Organization’s (WTO) activities coming to a virtual standstill and one can theoretically conceive that the trade body will cease to function altogether, Russian Economic Development Minister Maxim Oreshkin said on the Main Actors with Nailya Asker-Zade show […]

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‘No Doubt’ Russia Can Weather U.S. Sanctions, Economic Development Minister Says

Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – April 10, 2018) Russia’s Economic Development Minister has promised that the country will be able to withstand losses suffered since the latest round of U.S. sanctions triggered sell-offs. The ruble sank to its lowest exchange rate against the U.S. dollar and euro since December 2016 on the second day of losses. Stocks in major Russian […]

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Interfax: Oreshkin sees positive foreign investor sentiment regarding Russian economy recovery

Diverse Paper Currency, Coins, Line Graph

(Interfax – GORKY, Oct. 16) Russian Economic Development Minister Maxim Oreshkin said he saw positive sentiment among foreign investors regarding a recovery in the Russian economy. “Today’s meeting was definitely characterized by overall positive sentiment regarding the fact that the Russian economy has begun to recover and that economic growth has taken off. Companies feel this in their financials,” Oreshkin […]

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Another Worrying Sign For Russia’s Dire Demographics

Russian Migrant Workers file photo

(Article ©2017 RFE/RL, Inc., Radio Free Europe/Radio Liberty – rferl.org – Tom Balmforth – MOSCOW – September 27, 2017 – article also appeared at rferl.org/a/russia-population-decline-labor-oreshkin/28760413.html) Many advanced economies are wondering how breakthroughs in technology could leave whole swaths of the population unemployed, but in Russia the government is pondering how to fill jobs with a dramatically shrinking work force. Economy Minister […]

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RUSSIALINK TRANSCRIPT: “[Putin] Meeting with Maxim Oreshkin and Denis Manturov” – KrmelinRu

Vladimir Putin file photo with VOA logo; screen shot from video still

(Kremlin.ru – September 23, 2017) Vladimir Putin held a meeting with Economic Development Minister Maxim Oreshkin and Industry and Trade Minister Denis Manturov. The current economic situation and measures to support the Russian economy and industry were discussed. President of Russia Vladimir Putin: Colleagues, I had agreed with each of you on separate occasions to meet and talk on the […]

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Interfax: Russian GDP could grow more than 2% in Aug, 2017 – Oreshkin

Cash, Calculator, Pen

PARIS. Aug 29 (Interfax) – Russian GDP growth could quicken to more than 2% in August, Economic Development Minister Maxim Oreshkin told reporters in Paris. The economy could also grow more than 2% for 2017 as a whole, he said following a meeting with French business leaders. “We expect growth [year-on-year GDP growth] will return to more than 2% as […]

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NEWSWATCH: “Russian economy boss: sanctions no longer bite” – AP

Truck at Russian Border Crossing

“… Maxim Oreshkin … [said that] the Russian economy is on track to grow at least 2 percent this year. That would be a first after 2014, when the economy sank into recession driven by sinking oil prices and sanctions over Russian actions in Ukraine. … he said, ‘we see more willingness on the Asian side to work with us.’ He wouldn’t […]

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Putin’s New Favorite Official Plans Ministry of Future to Revamp Economy

File Photo of Kremlin Aerial View, adapted from .gov source

(Bloomberg – bloomberg.com – Evgenia Pismennaya, Andrey Biryukov, Ilya Arkhipov – August 25, 2017) The odds were against Maxim Oreshkin. With only three years of government experience when President Vladimir Putin picked him to lead Russia’s Economy Ministry late in 2016, Oreshkin was considered a political lightweight. He got a ministry at risk of being taken over by the more […]

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Interfax: EBRD financials “masking” negative trends, creating risk of rating downgrade, recapitalization – Oreshkin

Diverse Paper Currency, Coins, Line Graph

NICOSIA. May 10 (Interfax) – The financials of the European Bank for Reconstruction and Development (EBRD), while formally showing positive figures, are “masking” a number of negative trends and management assumptions, and continuing the current approach to the EBRD’s activities could lead to a downgrade of its ratings and the need for recapitalization, Russian Economic Development Minister Maxim Oreshkin said […]

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TRANSCRIPT: [Putin at] Working meeting with Economic Development Minister Maxim Oreshkin

Kremlin and River

(Kremlin.ru – February 15, 2017) Vladimir Putin had a working meeting with Economic Development Minister Maxim Oreshkin, who briefed the President on the economic situation in Russia in 2016, and the prospects for 2017. Ways to continue reducing inflation this year were also under discussion. President of Russia Vladimir Putin: Mr Oreshkin, do you have the final figures or the […]

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Econ Ministry to prepare measures in Feb to improve Russia’s Doing Business rating

Empty Boardroom

MOSCOW. Jan 11 (Interfax) – The Economic Development Ministry plans to prepare a list of measures in February to further improve Russia’s Doing Business rating. “The need to further improve the business climate has been spoken of. Here standard work for moving further ahead is underway. Russia made a very big step in the Doing Business rating, for instance, over […]

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Russia’s New Economic Development Minister is the Status Quo Candidate; Don’t expect former Finance Ministry official Maxim Oreshkin to rock the boat

Diverse Paper Currency, Coins, Line Graph

(Moscow Times – themoscowtimes.com – Matthew Kupfer – December 10, 2016) It took two weeks for President Vladimir Putin to find a replacement for Alexei Ulyukayev, the economic development minister sacked in a corruption scandal. His final choice of Maxim Oreshkin, a largely unknown 34-yearold deputy finance minister, raised a few eyebrows. “Maxim, you are a fairly young man, but […]

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TRANSCRIPT: [Putin at] Meeting with Maxim Oreshkin

Aerial View of Kremlin and Environs

(Kremlin.ru – November 30, 2016) President of Russia Vladimir Putin: Mr Oreshkin, how long have you been working as Deputy Finance Minister now? Maxim Oreshkin: Practically two years. Vladimir Putin: Two years. Before this, you were… Maxim Oreshkin: Department Director at the Finance Ministry, and before that, I was in banking, at VTB and the international bank. Vladimir Putin: You […]

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