- Russian economy still needs modernization - deputy PM
- Russian economy to start recovery from recession in 3Q09 - Kudrin
- Russian economy to return to pre-crisis level in 2012
- Oil market should not depend on single economy - Medvedev
MOSCOW, October 11 (RIA Novosti) - Russian President Dmitry Medvedev on Sunday identified priorities for the domestic economy's modernization, with energy efficiency, information technology, civilian nuclear energy and pharmaceuticals outlined as target areas.
In an interview with the Russian state-owned TV Channel One aired on Sunday, Medvedev said it was important to stimulate these areas to make the Russian economy rely not only on oil and gas but also on high technologies.
"I have formulated top five priorities... They include energy efficiency because we waste too much energy; information products, both ground- and space-based; nuclear energy, which has always been our trump card and can change life for the better, and pharmaceuticals as we must produce our own medicinal drugs qualitatively and at affordable prices," Medvedev said.
Medvedev said that it was also necessary to modernize other sectors of the domestic economy.
"Of course, we must deal with the modernization of our social sphere and political system. We are now reforming the pension system. A whole range of new social laws are coming into force. Next year, large funds have been set aside to finance the pension system," Medvedev said.
Medvedev said that the Russian economy could be modernized within 10-15 years.
"Maybe ten to fifteen years is quite a foreseeable horizon, beyond which we should see already a new economy. An economy that is able to compete with the world's largest economies," Medvedev said.
Medvedev said that the global financial crisis had hit the Russian economy harder than expected but the government's prompt anti-crisis measures helped the country avoid the worst-case scenario.
Add to blog
You may place this material on your blog by copying the link.
Erdogan will continue to help consolidate Islam’s influence in public life and use Islam as a political issue. It is hard to say what Turkey will do in the Muslim world, but Erdogan obviously does not need any more turmoil in neighboring countries.