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Russia Deputy PM Shuvalov: Economic stability is in doubt

Tuesday, September 24, 2013 - 03:12

Sept. 24 - Igor Shuvalov tells Reuters he's concerned about the future stability of the Russian economy as it fails to diversify sufficiently away from oil and gas.

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Russia wants to reach out to invest a seed -- -- a slow an economy turned me now is Russia's first deputy prime minister say Musharraf. The Charlotte thanks for joining us Russia wants to integrate more into the global economy but would be stolen -- we've -- -- figures. I -- how would you entice investors to invest in -- -- Universal might have been well which postal so investors are very responsible micro economic policies for 2014. The budget rules allow us to go through spending in line with last year's planned. We -- from the overall budget spending figure in the distributed money in a different way. Solo cutting the budget spending in certain areas that we will make sure that all investment programs are completed. In their entirety. Just postponing it. Teens on the -- -- agreed between the concept but why are investors in bold but can Russia the mavericks. Still -- it puts the overall situation in the global economy is very difficult much of it is somewhat better in the US -- in the European Union. In the user only the first signs of the situation improving them in China of the growth -- is a positive. But not as high as before and we people who could Russia's dependence on commodities. And -- the commodities prices are falling. There are questions about the future stability over the Russian economy. Well she's been. She's become one big foreign bankers who may be some disabuse the comic form. I he believes that the biggest danger -- face now it is not a political risk normally invest this deception -- the capitals -- -- No he believes that the biggest danger for Russia is said the US economy may start -- cost of the Russian one and that will be the end of the hill Russia stores and emerging market Beijing's English and. Maybe I don't agree that we believe that of the US economy starts to grow fast and it will be good forever but he it will spur growth in the eurozone. But it will lead to high demand for Russian goods. We can only welcome US growth which you know we think the biggest of and they got skills why do you think case the Russian economy slowed down. And also post them on demand from Apple's c'mon -- oil and oil products is what it is we have other expo groups that are quite decent but we haven't yet tend to the global market with them. We have good projects like building nuclear power stations through these little positive project yes but there are too few of them yet to get is not a bad news. Food dependent oil and gas it hasn't happened yet and -- broken teeth into the possible blamed for the slowdown in the economy relates to the government's. Names -- list -- I don't agree and any country the government is -- to such an extent. It does evil Disney's -- smallest possible -- -- -- people -- I think the Russian government is currently in -- -- who we understand how the current situation. Brings -- -- little evil as possible to the business community. And we try to create conditions for them to develop well.

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Russia Deputy PM Shuvalov: Economic stability is in doubt

Tuesday, September 24, 2013 - 03:12