OREANDA-NEWS Russian Prime Minister Mikhail Mishustin said that the Russian economy is going through a difficult period of adaptation in the face of sanctions. The chairman of the government said this at a meeting of the Cabinet, writes RIA Novosti.

According to him, the change in the control system has significantly reduced the administrative costs of business. We are talking about the amount of 160 to 180 billion rubles.

At the end of May Mishustin said that stabilization of the Russian stock market is expected within two years. The Prime Minister reminded that against the background of volatility on the stock market previously introduced a temporary procedure for redemption of own shares on the stock exchange. The measure will be valid until the end of the summer. This allows companies to hold their securities for no more than one year.

In addition, the chairman of the government said that the current low values do not reflect the true price of Russian assets on the stock market.