Kudrin: Russian economy needs big reforms but govt cannot deliver - EmergingMarkets.me:
"Russia’s economic model is a bigger obstacle to the country’s economic growth than the Ukraine-related sanctions but the government is incapable of fundamental reforms, Reuters cited former Russian finance minister Alexei Kudrin as arguing.
The government lacks both political will for major reforms and people capable of carrying them out, Kudrin told the Reuters Russia Investment Summit this week, predicting that the country was in for years of stagnation and balancing on the edge of recession.
To make matters worse, oil, one of the main pillars of Russia’s economy, is likely to go down in price after steadily going up for about a decade, he said."
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