According to him, we are talking about lowering oil prices, reducing exports and domestic restrictions.

“Today, our country is experiencing the effects of three economic shocks at once,” Medvedev said.

He added that over the past 20 years, Russia has withstood such attacks three times and can determine the most effective measures to mitigate the negative consequences.

Earlier, Russian Prime Minister Mikhail Mishustin asked the Cabinet of Ministers in the near future to finalize the draft plan for the restoration of the Russian economy and take into account the results of industry meetings with President Vladimir Putin.

According to the prime minister, the economic recovery plan is divided into three stages.