Moscow. On 6 November. Ex-Minister of Finance of Russia, the head of Committee of civil initiatives Alexei Kudrin believes that Western sanctions easing can be expected in the future two to three years.
“While the risks (investment – approx. If) are associated with conflicts from Russia with neighboring countries, such as Ukraine. This risk is now reduced as a result of the agreements reached in Minsk. As they occur we expect that in the next 2-3 years it is possible to reduce the sanctions and in the future its abolition”, he said on a Stock forum in Shanghai on Friday.
Kudrin called on the Russian authorities to increase investment in infrastructure three times over the next five years and to make investments in human capital, to upgrade the industry through innovative technologies and to raise the retirement age.
A set of measures could allow Russia in the next 3-5 years is to reach a growth rate of 3-4%, believes Kudrin. “In order to have higher growth, we need more bold steps that the government is only discussing (. . .) However, such opportunities exist,” he said.
