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Kudrin: Russia's economic model has outlived its usefulness

Kudrin: Russia's economic model has outlived its usefulness
Photo: ach.gov.ru

The Chairman of the Accounts Chamber, Alexei Kudrin, said in an interview that the Russian economic model has outlived its usefulness. The transition from a demand economy to an investment model never took place.

The head of the department gave a long interview RBC... According to Kudrin, it is necessary to actively switch to export, and what works now will not lead to results. The current situation hinders the development of new, breakthrough qualities, new goods that could become more competitive for export.

Now, the Russian economy is limited by domestic consumption, oil replenishment. And if we go to high-quality exports, then Russia could achieve the target GDP indicator at the level of 4-5% per year.

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