Alexei Kudrin called the condition for the growth of the Russian economy

21 April 2017, Friday

The main condition for the growth of the Russian economy is the development of non-primary exports, which must be doubled by 2024-2025. This was announced by the Former Minister of Finance, the head of the Foundation Council of the Center for strategic research (CSR) Alexei Kudrin.

"If we do not double non-raw exports, then we will not have growth rates above two percent. Well, maybe it can be from two to three", - Kudrin has said at the Krasnoyarsk economic forum.

According to him, one of the main reasons for the slow growth of the economy is the low motivation of state-owned companies and their large share in leading industries.

"One of the biggest structural problems is the large presence of the state, because state-owned companies are otherwise motivated, otherwise stimulated by productivity growth", - Kudrin has said.

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