Russia announces plan for $ 35 billion to revive economy

The Russian government has announced a plan worth 35 billion dollars to help the economy in the face of Western sanctions and the collapse of oil prices. Moscow did not reveal the cuts in spending to finance the plan.
The plan allocates about 1.55 trillion rubles ($ 23 billion) to help Russian banks affected by the economic crisis in the country. Moscow was announced at the end of last year for most of the plan, which analysts say is not enough to go beyond Russia crisis details.
The plan will focus on the support of 27 banks and major Russian companies at the expense of long-term development programs. And Moscow will spend this plan within the 188 billion rubles ($ 2.8 billion) for the implementation of an increase of 11.4% in pensions in proportion to the rise in the inflation rate to unexpected levels.

The plan includes a separate program to help recapitalize some banks worth 250 billion rubles ($ 3.7 billion) from the national wealth fund, has also been allocated two hundred billion rubles as collateral for government loans to the crisis "to the implementation of investment projects," as well as other targets approved by the government, including restructuring Dion.
Spending cuts
The plan also said that the government aims to cut most of the spending plans by 10% in 2015, with the exception of spending on defense and social spending and pay down debt in order to reach the budget deficit, not by the year 2017.
The Russian agricultural sector will receive a portion of the allocation plan, as it will give him amount of fifty billion rubles ($ 740 million) to stimulate domestic production to ease piss supplies after Moscow application of a ban on the import of many Western agricultural products.
And led the West imposed sanctions on Russia because of its policy in the Ukrainian crisis and falling oil prices, Russia to incur a loss of two hundred billion dollars. Most analysts expect that the economic situation is difficult for Russia to continue for a long time.