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Russian Finance Minister Alexei Kudrin has forecast a reduction of Russia’s economic growth rates in 2006-2009
Russian Finance Minister Alexei Kudrin has forecast a reduction of Russia’s economic growth rates in 2006-2009. “We’ll become witnesses to moderate growth rates,” he told the ongoing international economic forum in St. Petersburg. Kudrin pointed out that Russia’s economy has “a unique structure.” “Its strengths are also its weaknesses,” he said. He pointed out that oil price hikes and an excessive firming of the ruble reduce growth rates. Kudrin also noted some positive trends in Russia’s economic development. “Over the past several years the introduction of new equipment has exceeded the wear and tear rate,” he said.
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