June 16th, 2011
12:00 PM GMT
Share this on:

Stanislav Voskresensky, Deputy Minister of Economic Development, talks about the future of Russia's economy.

He says that although some of the factors that provided high growth rates in the past have gone, he was "betting" on new factors, like investment, infrastructure projects and increased productivity to grow the economy.

He added that Russia's economy will be diversified further and that the country's infrastrucure was more advanced than that of China and India.

"Our (infrastructure projects) is more about modernization than building new things," Voskresensky said.

CNN's John Defterios also asked him about the government's plans to privatize 900 companies.

"We are hiring investment bankers to help us... it is important how we do it and not how many," Voskresensky said.

Filed under: BusinessRussian economic forum


soundoff (One Response)

Post a comment


 

CNN welcomes a lively and courteous discussion as long as you follow the Rules of Conduct set forth in our Terms of Service. Comments are not pre-screened before they post. You agree that anything you post may be used, along with your name and profile picture, in accordance with our Privacy Policy and the license you have granted pursuant to our Terms of Service.

About Business 360

CNN International's business anchors and correspondents get to grips with the issues affecting world business, and they want your questions and feedback.

 
 
Powered by WordPress.com VIP