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Alexei Kudrin: Mainly oil curse factor hinders economic reforms in Russia

June 13, 2013, 20:56 UTC+3

Russia’s former finance minister once again declared about the necessity of economic reforms

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MOSCOW, June 13 (Itar-Tass) - Russia’s former finance minister Alexei Kudrin once again declared about the necessity of economic reforms in Russia, including those aimed at the improvement of the investing quality.

“The oil curse factor [super profits from oil and gas sale - Itar-Tass] gives no chances for the growth of the state money investing quality,” the ex-minister told the Civil G20 forum on Thursday. Kudrin considers as insufficient the interaction between decisions made by the government and the public community, which seriously hinders the future reforms.

In his report, Kudrin also voiced opinion that “Russia is not only in the middle of the transition from the “command-style economy” to the market, but also on the way to the free society.

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