Russia should stop "dreaming" about economic growth of more than 4 percent, Moskovskiye Novosti reported, citing an interview with Central Bank First Deputy Chairman Alexei Ulyukayev.
Growth is constrained by corruption, administrative barriers, state control of the economy and a flawed legal system, Ulyukayev was quoted as saying by the Moscow-based newspaper.
The country's inflation rate may drop below 7 percent this year and the government will probably run a budget surplus, Ulyukayev said, according to the newspaper.
(Bloomberg)
A Message from The Moscow Times:
Dear readers,
We are facing unprecedented challenges. Russia's Prosecutor General's Office has designated The Moscow Times as an "undesirable" organization, criminalizing our work and putting our staff at risk of prosecution. This follows our earlier unjust labeling as a "foreign agent."
These actions are direct attempts to silence independent journalism in Russia. The authorities claim our work "discredits the decisions of the Russian leadership." We see things differently: we strive to provide accurate, unbiased reporting on Russia.
We, the journalists of The Moscow Times, refuse to be silenced. But to continue our work, we need your help.
Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just $2. It's quick to set up, and every contribution makes a significant impact.
By supporting The Moscow Times, you're defending open, independent journalism in the face of repression. Thank you for standing with us.
Remind me later.
