Russia-2019: A Summing Up of the Economic Track-Record

... the financing of National projects. In the monetary sphere the key vulnerability as identified by Maxim Oreshkin, Russia’s Economy Minister, was the excessive rate of consumer loan growth. The latter however subsided towards the end of the year as the ... ... credit growth going forward. The external backdrop in 2019 may be categorized as being broadly favourable, given the reduced sanctions pressure, the relatively comfortable level of oil prices (partly on the back of the OPEC+ measures) and increasing inflows ...