ALEXEY VEDEV: “A STRONG INITIATIVE IS REQUIRED TO STIMULATE SMALL BUSINESS”

Alexey Vedev, Head of Financial Studies Department of the Gaidar Institute, commented to “Christian science monitor”, one of the leading American newspapers, the measures of economic recovery in Russia after the coronavirus pandemic ended.

According to the expert, the programs of state support will simply be over with transfer of state money in favor of state corporations via state banks “without strong measures aimed at stimulating of small business and diversification of the economy.”

Alexey Vedev concluded: “If there are no changes in the Russian economic model, I believe that we will reach stability marked by stagnation.”