“A
political economist says US President Barack Obama is 'misinformed'
about the state of the Russian economy, arguing that the country is
not as dependent on oil and gas as the West claims.”
“'The
president of the United States is misinformed about the economy of
Russia,' Jon Hellevig told Press TV from Moscow. 'The US president
thinks that Russia doesn’t produce anything and it only lives off
of oil and gas.'”
“'It’s
true that oil and gas are important, very important for the Russian
economy and brings prosperity, but in 2013, oil and gas made up only
16 percent of the GDP,' he continued. 'So Russia has a lot of
economic life beyond oil and gas.'”
“'Of
course, some people suffer from the devaluation (of the ruble), but
for most people it’s neutral, and for many it’s very good,
because with lower oil prices, you get the same money in ruble value
in state budget, so Russia doesn’t have to cut its budget at all,'
he contended.”
“In an
article recently published by Russia Insider, Hellevig called out the
West’s false 'charade' regarding the Russian economy. He argued
that far from relying on oil and gas, Moscow is engaged in big
investments in all sectors of the economy, including aviation,
shipbuilding, manufacturing and technology.”
Related:
Comments
Post a Comment