Alexey Kudrin

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Kudrin names main problems of Russian economy

Kudrin names main problems of Russian economy

Former Russian finance minister Alexei Kudrin has named dependence on energy prices, an aging population, a high share of the state in the real sector and the excessive centralization of the state administration as the main …

Kudrin expects easing of sanctions in late 2016

Kudrin expects easing of sanctions in late 2016

Former Russian Finance Minister Alexey Kudrin said at the Davos economic forum that relations between Russia and the West will be normalized and sanctions will be lifted. "I am confident that the sanctions will …

Kudrin: peak of crisis in Russia still ahead.

Kudrin: peak of crisis in Russia still ahead.

The former Russian finance minister Alexei Kudrin said in Davos that the peak of the crisis in Russia is still ahead. "The year of 2016 carryies risks. Neither presidential aides nor I expected this kind of oil price …

Kudrin: The devaluation of the ruble is temporary

Kudrin: The devaluation of the ruble is temporary

Former Russian Finance Minister Alexey Kudrin called the sharp drop in the ruble exchange rate temporary (today, the ruble rose above 85 rubles per dollar). "I think that this is a temporary decline, of course, the …

Kudrin predicts budget deficit for 2016

Kudrin predicts budget deficit for 2016

Former Russian Finance Minister Alexey Kudrin has announced his forecast for Russia's budget deficit for 2016 on the sidelines of the Davos forum. "With the oil price of $30 per barrel the budget deficit will …

Kudrin: 10% budget cut is an optimistic prognosis

Kudrin: 10% budget cut is an optimistic prognosis

A former Finance Minister of Russia, the head of the Committee of Civil Initiatives (CGI) Alexey Kudrin, has said that a 10% budget cut in 2016 would be an optimistic prognosis. Budget cuts cannot be avoided this year due …

Kudrin: Russia's GDP decreases by 1.5% due to sanctions

Kudrin: Russia's GDP decreases by 1.5% due to sanctions

The sanctions imposed against Russia have led to a 1.5% decrease in its GDP, former Finance Minister Alexey Kudrin believes. "The sanctions greatly complicated the situation in the country. GDP is 1.5% lower …

Kudrin: Russian economy is at the bottom

Kudrin: Russian economy is at the bottom

Former Finance Minister Alexey Kuprin has assumed that the Russian economy is at the bottom. "The GDP has probably reached the bottom, although we discussed it at the end of …