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Date: a week ago   Category: Finances

Kudrin: if sanctions increase, the objects set by the president will become in many respects unattainable


Alexey Kudrin.
The head of the Russian Audit Chamber declared it, speaking at a board meeting of the Russian Union of Industrialists and Entrepreneurs Alexey Kudrin. Photo: Kirill Zykov/AGN Moscow If sanctions are increased, then the purposes which were set by the president will become unattainable on many indicators. About it, speaking at a board meeting of the Russian Union of Industrialists and Entrepreneurs (RUIE), the head of the Audit Chamber Alexey Kudrin said. Therefore, according to him, the foreign policy of Russia has to be subordinated to reduction of tension of the relations with other countries and at least preservation or decrease in a sanctions regime, but not building. "Today I efficiency of our foreign policy of would criteria on this indicator" — Kudrin said. However, and without toughening of sanctions it will be hard to execute the objects set by the president, the director of the Center of macroeconomic researches of the Financial university Evgeny Balatsky says: Evgeny Balatsky the director of the Center of macroeconomic researches of the Financial university "Frankly speaking, the purposes which are designated even in the May decree of the president actually in general very serious, and it is unclear whether it is possible to reach them even if there will be no sanctions. Because very many indicators which were already put, generally, were not reached and subsequently were simply profaned. Here one of such cases that again the ultraboundary objects are set. In the conditions of sanctions it will be even heavier to reach it, well, it is obvious. But what is told by Kudrin to correct the relations with the West, it is not really clear because it is possible to be on friendly terms only with the one who wants to be on friendly terms with you, but the USA shows: they essentially do not want it. As for an economic benefit from this friendship, it is not really clear what, Kudrin assumes too, we will receive benefit. And here is how time what Kudrin did concerning friendship with the USA in respect of purchase of treasury obligations in due time American and by that actually we deprived own economy of investments, but invested the American economy, it seems to me, there was just a strategic mistake in due time. Well and now within a dedollarization course there is just partly a sale of these assets. If they are correctly spent within the country, it will just help us much more, than some ephemeral friendship with the USA". Kudrin is right that it is necessary to strengthen cooperation with other countries, without it Russia risks to lag behind forever, the director of the Center of tactical researches of HSE Georgy Ostapkovich says: Georgy Ostapkovich the director of the Center of tactical researches of HSE "It is impossible to be in isolation and at the same time to work in the conditions of transition to a new digital era. The world globalizes, value added chains are created. They are created in the different countries. If we do not enter with the whole world or, at least, with the civilized economic countries here this category of creation of chains of value added and an investment business cycle which will be now, we will lag behind forever. We сейч

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