JRL NEWSWATCH: “Kudrin renews push for tough policy talk” – Bear Market Brief

Alexei Kudrin file photo

“… Kudrin, went on record with RBK ahead of today’s ‘Russia Calling’ economic forum, asserting that in the last decade Russia has experienced economic stagnation unseen since the Second World War. He appears to be continuing his search for a public, honest discussion of foreign policy. …

  • … annualized GDP growth at 1% over the last ten years … predat[ing] … lower oil prices and sanctions
  • … the Audit Chamber … uncovered over $11.3 billion in wasteful spending at Roskosmos
  • At ‘Russia Calling’ … Kudrin said … sanctions had taken … 0.5% from annual GDP growth, and the expansion of sanctions threatened to worsen Russia’s growing technology deficit ….
  • Kudrin … chose … [the word] ‘zastoi’ … associated with … Soviet … Brezhnev ….”

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