Minister Ulyukayev: Russia may catch up with US in 50 years

Russian Minister of Economic Development Alexey Ulyukayev said that Russia needed about 50 years to become an economic superpower. In his words, the country has an economic share of 3-3.5% in the world, about 9-10 times below the US level, Gazeta.ru reports.

The economic growth rate in the country does not meet Russia's ambitions. The minister believes that the country needs to change its economic model and boost investments.