Russian Ice Hockey Federation to wage ruthless war on doping abuseSport July 26, 19:53
Two Siberian residents jailed for killing three zoo birds in failed barbeque attemptSociety & Culture July 26, 18:43
Moscow slams Western media allegations about alleged Russian support for TalibanRussian Politics & Diplomacy July 26, 18:31
Ex-Georgian president Saakashvili stripped of Ukrainian citizenshipWorld July 26, 18:25
Russia bolsters military potential in South to respond to emerging threats — defense chiefMilitary & Defense July 26, 16:09
Moscow to frame stance on new sanctions once US bill becomes lawRussian Politics & Diplomacy July 26, 16:03
Kazakhstan hopes to develop its own module for joint space station with RussiaScience & Space July 26, 15:34
EU diplomats move to slap more sanctions on Russia over Siemens turbines furorBusiness & Economy July 26, 15:11
London court binds Ukraine to pay par value of Eurobonds to RussiaBusiness & Economy July 26, 15:05
YEKATERINBURG, September 29. /TASS/. Breakthrough decisions on improving economy will be made in Russia in the next three-four years, Academic Supervisor of the Higher School of Economics (HSE) Evgeny Yasin said on Tuesday.
"I think that breakthrough decision on improving the economic situation in the country will be made in the next three-four years. Before that, one should not hope for improvements," Yasin, who served as Russia’s economy minister in 1994-1997, said.
Russia has "already exhausted its investment potential which was accumulated in the 1990s and in the beginning of 2000s," Yasin said. "Now, we have to look for new solutions to improve the economic situation. What solutions? It is hard to answer this question. One thing is clear — one should no longer rely on such mineral resources as oil," the HSE Academic Supervisor said.
He added that Russia’s economic policy is rather balanced. "Now, it is necessary to complete market reforms that were started in the 1990s and 2000s so that we can have an absolutely market economy. It is hard to say whether we can achieve that," Yasin stressed.
"Russia needs long-term and global changes to which people can gradually adjust, for instance, to the new way of life or new economic policy. This is the only way to make improvements," he concluded.