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Medvedev urges further efforts towards diversification of economy

April 26, 2012, 12:35 UTC+3
“Therefore efforts towards diversification of our economy should be continued,” he said
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MOSCOW, April 26 (Itar-Tass) — Russia’s President Dmitry Medvedev has admitted that he was not quite satisfied with how the country was moving away from dependence on hydrocarbon exports.

“To be sincere, I am not quite satisfied with what we had done for these years,” he said in an interview with Russia’s major TV channels on Thursday.

“We should have diversified our economy, and we moved along this path, but did this very slowly. If to speak about our export balance, 70 percent of our export items are hydrocarbons,” Medvedev said.

“Therefore efforts towards diversification of our economy should be continued,” he said.

 

 

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