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Titov warned about the fall of Russia in a secondary country

Титов предупредил о падении России в разряд второстепенных стран

Russia may move into the category of minor economies and if the country will not be changed the development model. About it in interview to “Lente.Roux told the business Ombudsman Boris Titov.

“Old, raw model no longer works. Oil no longer brings in the revenue. So to build the economy we need is not on the export of natural resource rents, and on the production and creation of value added within the country,” he said.

The Stolypin club (Titov is the Chairman of its Presidium — approx. “Of the tape.<url>”) does not oppose reform of the institutions is the key point of the economic development program proposed by the former Minister of Finance, head of Center for strategic development Alexey Kudrin. But such a transformation can take too much time.

“Just for the preparation of the institutional changes will take a year and a half, and the reform will take several more years. We can’t wait that long — by the time Russia falls into the category of secondary importance in economic terms countries,” — said Titov.

On 25 July it was reported that Russian President Vladimir Putin instructed to finalize the report of the Stolypin club, and on its basis to prepare a new program of economic development. About it the head of state asked his assistant Andrei Belousov. The program should be an alternative to the concept of Alexei Kudrin.

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