Many experts explain that panic at Russian stock markets was caused by the decision of the Federation Council to deploy forces in Ukraine. Igor Niikolayev, Director of the FBK Institute for Strategic Analysis, emphasized that the fundamental reason for the process was slowing economic development and capital outflow. He predicts that next year will be recessive for Russia.
Mikhail Belyayev, Chief Economist of the Institute for the Stock Market and Management, said that the Russian ruble was weaker than currencies it was compared with. Inflation, in his words, is a symptom of an ill economy and financial injections would not stop it. He added that the Central Bank’s unwise decisions had their own impact on the situation. The expert said that the government should be the one to improve the situation.
Yevgeny Fedorov, a member of the Budget and Tax Committee of the lower chamber of the Russian parliament, sees no reasons for the ruble crash. He said that stabilizers were the main topic for discussions. They are twice as big as the monetary mass in the country.
Nikolayev noted that the Russian economy was still growing and it was crucial to explain to business that there were no reasons for panic. He added that all the mentioned reasons forced the EU to free itself from dependence on Russian energy resources, an act that will have a grave long-term impact on Russia.
Yevgeny Nadorshin, Chief Economist of Sistema, affirmed that prices were growing because Russia was increasing production of quality products. Inflation should slow down in the second half of 2014, he predicts. Many products will not change in price, claims Nadorshin.
Fedorov concluded the talks, saying that the sanctions imposed on Iran would fail with Russia. China would never support such sanctions. The only problems would be of a technological and market nature. They will need solutions in the next 5 years, just enough time for the country’s capacities, forecasts the expert.
Many experts explain that panic at Russian stock markets was caused by the decision of the Federation Council to deploy forces in Ukraine. Igor Niikolayev, Director of the FBK Institute for Strategic Analysis, emphasized that the fundamental reason for the process was slowing economic development and capital outflow. He predicts that next year will be recessive for Russia.Mikhail Belyayev, Chief Economist of the Institute for the Stock Market and Management, said that the Russian ruble was weaker than currencies it was compared with. Inflation, in his words, is a symptom of an ill economy and financial injections would not stop it. He added that the Central Bank’s unwise decisions had their own impact on the situation. The expert said that the government should be the one to improve the situation.Yevgeny Fedorov, a member of the Budget and Tax Committee of the lower chamber of the Russian parliament, sees no reasons for the ruble crash. He said that stabilizers were the main topic for discussions. They are twice as big as the monetary mass in the country.Nikolayev noted that the Russian economy was still growing and it was crucial to explain to business that there were no reasons for panic. He added that all the mentioned reasons forced the EU to free itself from dependence on Russian energy resources, an act that will have a grave long-term impact on Russia.Yevgeny Nadorshin, Chief Economist of Sistema, affirmed that prices were growing because Russia was increasing production of quality products. Inflation should slow down in the second half of 2014, he predicts. Many products will not change in price, claims Nadorshin.Fedorov concluded the talks, saying that the sanctions imposed on Iran would fail with Russia. China would never support such sanctions. The only problems would be of a technological and market nature. They will need solutions in the next 5 years, just enough time for the country’s capacities, forecasts the expert
