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Russia must get rid of the dependence on oil
- Categories:Industry News
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- Time of issue:2020-03-31 14:57
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Russia must get rid of the dependence on oil
- Categories:Industry News
- Author:
- Origin:
- Time of issue:2020-03-31 14:57
- Views:
Wednesday local time, the itar-tass news agency at a media conference, Nobel laureate in economics skin in guildford, (Christopher Pissarides), said Russia to overcome the economic crisis, you must first change the domestic business environment.
"You can through own efforts to get out of this obvious isolation. You should not sit there and do nothing, just waiting to change perceptions of Russia in the west."
In skin in guildford, sanctions, and low inflation and demand, and the biggest trouble is Russia's economy.
Skin in guildford, pointed out that must go beyond the line of sight of the Russian oil prices, see their economic structural problems.
"I think that the government currently the biggest problem is not to expand demand. Doing so is always associated with the risk of inflation. Russia's economic problems than actually demand is much more serious. Russia is the most serious problem is that how to get rid of the natural resources, especially oil. As long as Russia's income was highly depend on oil and other natural resources, it is still a third world economies, and does not belong to the modern economy."
Skin in guildford, suggested that Russia adopted "essentially ignore the fact that the Russian state oil industry policy and market".
He added that companies also need a transparent government economic policy.
"Policy transparency is absolutely necessary. No matter what the government wants to do, they should be absolutely clear their own plan, and put into practice according to their announcement. Confusion can lead to uncertainty, and the latter is the greatest enemies of the market."
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