Tell us how you really feel (about the Russian economy)
Source: http://www.robertamsterdam.com/2009/08/tell_us_how_you_really_feel_about_the_russian_economy.htmPosted on Monday, August 10th, 2009 | In Market Commentary, Russia
Some tough words from President Dmitry Medvedev about the state of the Russian economy and the need to make urgent reforms. These comments are likely to be followed by decisive actions and changes more comments.
He told Russian political party leaders in the southern city of
Sochi that Russia was “treading water” by not implementing reform and
needed to urgently change the structure of its export-dependent economy.“We
cannot develop any longer like this. This is a dead end. And the crisis
has put us under such conditions that we will have to take decisions
about changing the structure of our economy.“Otherwise our economy has no future,” he said in comments broadcast on Russian television. (…)
“Why?
Because we did not change the structure of our economy. Our economy is
based on hydrocarbons, natural resources and their sale for export.“As soon as there is a radical change in the global economy, the budget income changes.”
Last 5 posts by Robert Amsterdam
- Sochis Blue Balls - March 17th, 2010
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- RAs Daily Russian News Blast - March 17, 2010 - March 17th, 2010
 About Robert Amsterdam (http://www.robertamsterdam.com/)
Robert Amsterdam is a lawyer and an advocate for rule of law. His blog was created to express views which may stimulate debate and discussion on topics of international interest. Robert believes that we live in a world of unchallenged impunity, and he views his blog as merely a small attempt to shine a light on issues he views as important in countries with which he is engaged. He make no apologies or pretense of objectivity - he is merely stating his opinions. |
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