Russia needs government investment to avoid recession, former finance minister


  • World
  • Tuesday, 16 Sep 2014

MOSCOW (Reuters) - Russia risks slipping into recession because the government is not investing enough in the economy to weather Western sanctions, former finance minister Alexei Kudrin said on Tuesday, criticizing the strategy so far.

A strong advocate of liberal reforms, Kudrin has become almost the only voice in the Russian elite to question economic policy since the Ukraine crisis, counting on his long-term close ties to President Vladimir Putin to protect him from censure.

Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In World

Saudi Arabia posts 3.3-bln-USD deficit in Q1
Russian attacks on Kharkiv and region kill one, injure 17, officials say
Tanzania's southern highway shut down after 4 bridges washed away by flash floods
Feature: Gastronomy festival on Seine marks 60th anniversary of China-France ties
Key separatist commander among 3 killed in Cameroon's restive Anglophone region
Ukrainians in embattled east mark third Easter under fire
Death toll from southern Brazil rainfall rises to 75, many still missing
South Africa inquiry blames authorities for neglect leading to deadly fire
Death toll from Kenya floods rises to 228
On Orthodox Easter, Zelenskiy calls on Ukrainians to unite in prayer

Others Also Read