NEWSWATCH: “Russia Risks Decades of Low Growth Under U.S. Sanctions: Putin Adviser”- Reuters

Alexei Kudrin file photo

“Russia risks being saddled with U.S. sanctions for decades, curbing economic growth and preventing it from regaining its status as a leading economic power, an adviser to President Vladimir Putin said …. Alexei Kudrin told Reuters that the current proposed tightening of sanctions in Washington should not have any serious impact. But he called for a major structural reform program after the 2018 presidential election. … the only way for Russia to return to growth of more than 2 percent a year. … Putin has tasked Kudrin, who has known Putin since they worked together in the St Petersburg Mayor’s Office in the 1990s, with devising a strategy to lift Russian economic growth after 2018. …”

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