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Changing economic growth model is a major challenge for Russian economy

Russia must focus on the economy sectors not linked with hydrocarbons

KRASNOYARSK, February 17 (Itar-Tass) — Changing the economic growth model is one of the main challenges for the Russian economy's development, believes head of Vnesheconombank (VEB) Vladimir Dmitriyev.

Speaking at the IX Krasnoyarsk Economic Forum on Friday, he emphasised that Russia must focus on the economy sectors not linked with hydrocarbons. According to him, they are space, nuclear energy, aviation, and computer technology industries. “There are not many of them, but there is no need to disperse,” Dmitriyev said.

He noted that the country lives in a state of peace and should “enjoy all the benefits that exist around us,” because cannot provide ourselves with absolutely everything.

“There are still serious industries where we have not lost our competitiveness, and we can ensure their advanced development, compared to the similar industries in other countries,” the VEB head stressed.

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