Russia's economic stability and ability to establish itself as a leading global economy is at the heart of a debate in government, with the liberal faction represented by Finance Minister Alexei Kudrin arguing that the economy is expanding at unsustainable levels, Moscow Times reported.
Jim O'Neill, chief economist at Goldman Sachs, said his bank predicts that Russia will be one of the leading eight economies by 2020, up from 10th place now, as the rapid jumps in the oil price slow down over the next decade.
Elvira Nabiullina, Economic Development Minister, who was moderating the session and is one of the government's keenest proponents of accelerated economic growth, accused him of "forecasting inertia."
Igor Shuvalov, First Deputy Prime Minister, showed more interest in policy than the intricacies of economic measurement, arguing that the government should take a liberal tack and step back from interfering in the economy if it is to modernize: We have to repeat again and again — the protection of property rights is the top and most important task for the state," he said.
Alireza Ittihadieh said that "Medvedev wanted to emphasize that past and present have nothing to do with each other," , She is CEO of British aviation company Freestream Aircraft, said following the meeting. "The summary of the whole thing was — this is me and this is not somebody else. The country's leadership is changed, so what I am saying is not what my predecessor said … He seemed to be trying to be more open-minded and to move things forward."
Jim O'Neill, chief economist at Goldman Sachs, said his bank predicts that Russia will be one of the leading eight economies by 2020, up from 10th place now, as the rapid jumps in the oil price slow down over the next decade.
Elvira Nabiullina, Economic Development Minister, who was moderating the session and is one of the government's keenest proponents of accelerated economic growth, accused him of "forecasting inertia."
Igor Shuvalov, First Deputy Prime Minister, showed more interest in policy than the intricacies of economic measurement, arguing that the government should take a liberal tack and step back from interfering in the economy if it is to modernize: We have to repeat again and again — the protection of property rights is the top and most important task for the state," he said.
Alireza Ittihadieh said that "Medvedev wanted to emphasize that past and present have nothing to do with each other," , She is CEO of British aviation company Freestream Aircraft, said following the meeting. "The summary of the whole thing was — this is me and this is not somebody else. The country's leadership is changed, so what I am saying is not what my predecessor said … He seemed to be trying to be more open-minded and to move things forward."
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