The speaker: the period of low prices for raw materials will last for decades

The speaker: the period of low prices for raw materials will last for decades


MOSCOW, January 13. The period of low prices for raw materials will be long – for decades, stated the Minister of economic development Alexei Ulyukayev.

An era of new “normalnosti” and restrictions on economic growth, the drivers will cease to exist, he said.

According to him, the shift from consumer behavior of the population to savings is the main risk for the economy.

He also believes that it is necessary to return to the issue of privatization of the largest Russian banks. The Minister considers it necessary to return to the issue of privatization of state-owned banks – VTB and Sberbank.

See also

The Russian economy in 2015 – the strip of a protracted recession with the hope of recovery growth