He noted that the intermediate result of the pandemic was the largest decline in the world economy in post-war history and its significant change.

He noted that this requires an operational adjustment of the budgetary policy.

"Russian economic policy must adapt accordingly to global changes - adapt to the consequences of the pandemic and reach long-term sustainable growth, ensuring a consistent improvement in the quality of life of the population," RIA Novosti quotes Siluanov

Earlier, the chairman of the Central Bank of Russia Elvira Nabiullina said that Russian banks are pursuing a policy to reduce the dependence of the domestic economy on foreign currencies, including the dollar. 

At the same time, she noted that the US dollar still remains part of the foreign exchange reserve in the country.