Expert:

"Unfortunately, I rank among the pessimists supposing that some improvement in the economic situation in the CIS countries is the result of considerable inflation in the main reserve currencies", Director General of the Russian Center of Strategic Assessment and Forecasts Sergey Grinyaev said in an interview with ArmInfo.

"As regards Russia, the situation in the country will not cardinally change until the radical economy modernization plan is implemented. The current scene that one of the oil-rich countries faces a petrol crisis and the oil processing industry stops existing almost completely is far from the idea of overcoming the crisis", he said.

Thus, today Russia keeps on losing the opportunity to create hi-tech products in aircraft engineering; car industry has mostly turned into assembling of foreign models with screwdrivers. Grinyaev thinks that even the well-known Russian military industrial complex does not satisfy the modern needs, and the state is going to purchase foreign samples of arms.

"So, we have a long way to go before overcoming the crisis. We need to modernize the economy now more than ever. During the meeting with the representatives of large Russian oil companies, Prime Minister Putin made a bright statement on what is going on. He said that the state would only support those who want to work in Russia, who do not feel like temporary workers or try to squeeze the last reserves out of the old rusted screws and pipes, but those feeling like owners", Grinyaev said.

Related articles

Editor's choice
News
Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell tells the European Parliament that the situation in Afghanistan was critical, but the EU will remain engaged

Borrell underlined that the European Union will make every effort to support the peace process and to remain a committed partner to the Afghan people. "Of course, we will have to take into account the evolving situation, but disengagement is not an option.  We are clear on that: there is no alternative to a negotiated political settlement, through inclusive peace talks.
Editor's choice
News
Andrii Parubiy shot dead in Lviv - a "shot fired at the heart of Ukraine"

Andrii Parubiy shot dead in Lviv - a "shot fired at the heart of Ukraine"

The former speaker of the Ukrainian parliament, Andriy Parubiy, has been shot dead in the Ukrainian western city of Lviv. Police received reports of the shooting in the Frankivsk district of Lviv, western Ukraine, at around midday local time on Saturday. Unconfirmed reports suggest he was shot multiple times by a gunman dressed as a courier on an e-bike. Parubiy, 54, rose to prominence during Ukraine's Euromaidan movement, which advocated for closer ties with the EU and brought down pro-Russian former President Viktor Yanukovych in 2014. Ukrainian President Volodymyr Zelensky described it as a "terrible murder" and offered his condolences. Parubiy was a pivotal figure in the Euromaidan movement, which began after the Ukrainian government refused to sign an association agreement with the EU in late 2013. He later became secretary of Ukraine's National Security and Defence Council, during a period when pro-Russian separatists began fighting in eastern Ukraine - and when Russian President Vladimir Putin ordered the annexation of the Crimea peninsula. Following Russia's full-scale invasion of Ukraine in 2022, Parubiy joined Ukraine's territorial defence. Ukraine's Foreign Minister Andrii Sybiha described Parubiy as "a patriot and statesman who made an enormous contribution to the defence of Ukraine's freedom, independence and sovereignty". Sybiha added: "He was a man who rightfully belongs in the history books." Former President Petro Poroshenko said the killing of Parubiy was "a shot fired at the heart of Ukraine".

Popular

Editor's choice
News
Andrii Parubiy shot dead in Lviv - a "shot fired at the heart of Ukraine"

Andrii Parubiy shot dead in Lviv - a "shot fired at the heart of Ukraine"

The former speaker of the Ukrainian parliament, Andriy Parubiy, has been shot dead in the Ukrainian western city of Lviv. Police received reports of the shooting in the Frankivsk district of Lviv, western Ukraine, at around midday local time on Saturday. Unconfirmed reports suggest he was shot multiple times by a gunman dressed as a courier on an e-bike. Parubiy, 54, rose to prominence during Ukraine's Euromaidan movement, which advocated for closer ties with the EU and brought down pro-Russian former President Viktor Yanukovych in 2014. Ukrainian President Volodymyr Zelensky described it as a "terrible murder" and offered his condolences. Parubiy was a pivotal figure in the Euromaidan movement, which began after the Ukrainian government refused to sign an association agreement with the EU in late 2013. He later became secretary of Ukraine's National Security and Defence Council, during a period when pro-Russian separatists began fighting in eastern Ukraine - and when Russian President Vladimir Putin ordered the annexation of the Crimea peninsula. Following Russia's full-scale invasion of Ukraine in 2022, Parubiy joined Ukraine's territorial defence. Ukraine's Foreign Minister Andrii Sybiha described Parubiy as "a patriot and statesman who made an enormous contribution to the defence of Ukraine's freedom, independence and sovereignty". Sybiha added: "He was a man who rightfully belongs in the history books." Former President Petro Poroshenko said the killing of Parubiy was "a shot fired at the heart of Ukraine".