Kudrin said that state companies should not be in the sphere of production or in Finance



One of the biggest structural problems of Russian economy is the significant presence of the state, said the head of the Centre for strategic research and former Finance Minister Alexei Kudrin at the Krasnoyarsk economic forum.

“In leading sectors, a large proportion of the state company – from production to Finance. Where, incidentally, should not be at public companies, neither in production nor in Finance, in the future,” he said.

According to Kudrin, now energy 70% of revenue is revenue from state-owned companies, Finance – 46%. “I hope that years six or seven will be 15-20%”, – he added.
According to the head of the CSR, the share of state-owned companies should be reduced substantially in all industries not related to defense and security.

The low growth rates largely lie in the responsibility of the public sector, which is not effective enough, Kudrin said, and called the policy of state-owned companies in the implementation of technological innovations “very sluggish”.

“State-owned companies differently motivated, differently stimulated productivity”, he concluded.

Kudrin also said that Western sanctions against Russia negative impact on the economy of the country.

“The sanctions is also very sensitive, and carry a rather negative effect on the Russian economy than positive. We hear often, so let the sanctions continue. It is clear that we have very fundamentally behave in international relations, but you need to objectively assess the impact of sanctions – it is negative”, – he said, speaking at the Krasnoyarsk economic forum.