Igor Nikolaev: "The crisis will continue"

Russia continues to gradually "sink" into an economic crisis. The global economic crisis began in 2008, and it never ended. Russia is not well prepared for its second wave -- first, because the reserves are about half that of 2008-2009, and secondly, since 1 January 2013 the tax burden has been seriously increased. High taxes in such conditions discourage entrepreneurial activity. Thirdly, the budget is burdened by a high proportion of Russian commitments of minimum character (pensions, allowances for military personnel, etc.). This opinion was expressed by the director of FBK Strategic Analysis Department, Igor Nikolaev.