Sunday, January 25, 2015

Shuvalov advised to prepare for unemployment. Could be worse – News Ulyanovsk

Shuvalov advised to prepare for unemployment. Could be worse – News Ulyanovsk

Russia to prepare for an increase in unemployment, said, speaking at a business breakfast “Savings Bank” in Davos, First Deputy Prime Minister Igor Shuvalov. “For many, the current situation is not seen as a shock, but this is a wrong understanding of the situation. To prepare for the fact that people will go to market as the unemployed, and they need to adapt to new conditions, “- leads the RIA” Novosti “his words.

The Russian economy is in a difficult situation, it is not the basis for panic, but the problem can not be underestimated, said also Shuvalov. “Our economic situation – bad” – he explained. – Further development scenarios may be different – the situation could worsen, or, on the contrary, as in 2009, the price of Russian exports turn around and go up, but this does not negate the deep structural problems in the economy ».

First Vice -premer believes that the problems in the economy due to the fact that Russia has forgotten the lessons of the crisis of 2008-2009: “The trouble for the Russian economy is that the modernization agenda, which appeared due to the crisis of 2008-2009, was quickly eroded with increasing prices oil, “- he said.

« This agenda quickly began to change in 2011-2012, many began to think that everything is fine, formally ended the crisis. But in fact there is no crisis, we have not experienced, “- said the first deputy prime minister. – Out of the crisis, we did not come out, and then began to move to another, even before the events in Ukraine, and it became clear – that he structural crisis, here it comes ».

« Sanctions gave Russia a chance ”

«Then came the summons sanctions. All this, of course, very unpleasant. But I reacted to this so – maybe it’s another chance not to be missed Russia “- Shuvalov said. To develop the economy needs investment, but now is not the draw due to geopolitical factors, acknowledged Shuvalov and suggested the authorities to prepare for the long-term scenario, external constraints, have gone through, for example, South Africa and Chile.

«I do not I think that it is possible for politicians to quickly resolve the Ukrainian crisis. I treat this as one who has to consider worst-case scenario. Investors will still be looking at the real benefits. We have the experience, both in South Africa sanctions developed in difficult conditions developed in Chile. Is it possible to create a modern economic system with political difficulties? The answer is – you can “- said Shuvalov.

« Often it is necessary to listen to the Minister of Finance »

The Bank of Russia often makes decisions contrary to the opinion of the Minister of Finance and Minister of Economic Development “and nothing signals that this situation could change,” said First Deputy Prime Minister.

According to Shuvalov, is not very good: “Often it is necessary to listen to the Minister of Finance, because he and the Minister of the Treasury, to listen to him … Because in the end it is his responsibility as a whole ».

He found it necessary to add that no” additional sanctions “on the Bank of Russia will not be accepted,” contrary to Bank management’s understanding of them squeezed liquidity to save some state-owned companies, or something else, we do not and are not going, we do not have such an opportunity, “- said Shuvalov.

« Was kakoy- period of time so as not to “creep” over the powers of the Central Bank, the government has not adequately able to interact with the Bank of Russia, but in the past, “- said Shuvalov.

About the price, which Russia has to pay for policy decisions and on the response of the West as the cause of the current crisis on the eve of Prime reasoned Medvedev. Among other reasons for the crisis, he called the structural problems of the economy, the effects of the crisis are not closed in 2008 and the collapse of oil prices.

At the Davos forum of representatives of small Russian delegation threads crisis and the sharp decline in oil prices, the economic sanctions of the West against Russia sound regularly. Thus, the head of the Committee of Civil Initiatives Alexei Kudrin, who after 11 years of work in the government still enjoys great prestige among Western politicians and businessmen, said that part of the sanctions imposed by Western countries because of Ukrainian events can be mitigated in the case of settlement of the conflict.

«Russia now has lost the confidence of global markets. The outflow of capital is a testament to this. Russia faces the task to restore confidence in the global economy. To do this, the country should be more clear policy with respect to its policies and interests in the world, – Kudrin said. – Now comes a lot of Russian signals that do not understand the world ».

Source: newsru.com

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