Alexei Kudrin: sanctions take away 0.5% of GDP of Russia
The Chairman of the accounts chamber of Russia Alexei Kudrin said that after the last wave of sanctions, their impact on economic growth increased to 0.5% of GDP. He said this in his speech at the St. Petersburg international economic forum (SPIEF).
Previously, the Swiss business school IMD ranked the competitiveness of major economies. Russia rose from 46th to 45th place out of 63 possible. Thus deterioration or maintain the position of the Russian Federation fixed in three of the four groups of indicators that make up the final grade: quality of regulation, infrastructure status and business performance. Some improvement is only of the macroeconomic indicators.
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