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Subject

Russia's rescue plan for the economy.

Significance

Russian Prime Minister Dmitry Medvedev announced on March 1 that his government had approved a Plan of Action for the Economy for 2016. The document, more generally known as the 'anti-crisis plan', is modest in ambition and officials say spending will be carefully itemised. Even so, funding for nearly a quarter of the expected costs has not been secured. The 2016 plan follows an equivalent document last year, although such emergency actions are not meant to be regular.

Impacts

Social spending will be protected at least until the September parliamentary elections are over.

Even if partial privatisations take place, these revenues alone will not hold the budget deficit to 3%.

Think-tanks and lobbyists will articulate policy differences that ministers express only in private.

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