SPIEF 2018
Plenary Session
Russia has put in place one of the most admirable macroeconomic framework that you can think of. A rainy day saving fund, letting its exchange rate float. That has helped Russia with the very difficult circumstances in the last three years. It has also generated for Russia, a very low debt and very low unemployment. Clearly, there must be an improvement in productivity. There has to be a diversification out of gas and oil economy