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Saturday, 23 June 2018


Export of natural resources obstacles Russian innovations

2009-11-12 15:19

Dmitry Medvedev, the President of Russia, in his today's address to the federal Assembly heeded Russia's dependence on raw materials' export. In his view, it slows down the economic development of the country, and it became especially clear in the times of crisis - RIA Novosti.


"In Russia the economic recession was deeper than in most other countries", Medvedev admitted and admitted that the guilty are not only outside the country.

"We have to admit that in previous years we failed to do enough to solve problems inherited from the past. We have failed so far to dismiss the economy's primitive structure, the humiliating raw materials dependence and reorient production to peoples' real needs," he added.

In his view, supporting economy with income from export impedes innovative development.

"Russian business still prefers to sell goods manufactured in other countries, the competitiveness of our production is shamefully low," he said.

He also promised that in the 21st century Russian modernization will be based on democratic values and institutions.


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