POST Online Media Lite Edition



 

Medvedev: Russia not to raise taxes until 2018

Staff writer |
Russian Prime Minister Dmitry Medvedev said that the government won't raise taxes in the current economic situation.

Article continues below






"We believe that we can manage the current financial situation without raising the tax system," the prime minister said, pointing to the existence of reserves in the current system and the need to ensure its stability.

He also noted that today the government is committed to the principle of tax stability, but it doesn't mean it will last forever, Russian news agency TASS reported.

"It's exact that in several years we will have new realities, and I hope that the crisis will be over, so we will have to take other effective decisions," Medvedev added.

Since 2014, the Russian economy has been facing economic difficulties due to the Western sanctions against Russia and the drop in oil prices.


What to read next

Russia ready to develop cargo transit along Asia-Europe route
Russia would be happy to trade weapons for Thai food
Russia manages to survive economic crisis thanks to effective measures