The Russian government has announced an anti-crisis program that lists social stability, improvement in social security and continued economic growth as priorities, Xinhua reported.
According to the program posted on the government's website Friday, the government plans to inject 36.3 billion rubles (about 1.21 billion U.S. dollars) in the job market and continue to fulfill the economic stimulus packages announced in 2009.
It will also maintain measures in support of regional credit markets and facilitate major enterprises' debt restructuring.
To reform the economic structure, the government will set up a fund to provide subsidies and loans in order to resolve the problem of single-industry cities.
The government also intends to map out measures to tap the potential of the pension and insurance systems to activate the financial market.
The Russian government will also carry out a privatization drive and draw foreign investment to establish joint funds to develop agriculture, medicine, housing and infrastructure construction.
Russia's gross domestic product (GDP) was expected to grow 3.1 percent in 2010 while inflation was forecast to fall anywhere from 6.5 to 7.5 percent. The jobless population was expected to drop to 6.3 million people from 6.4 million in 2009, according to the program.