World Bank names recommendations for economic growth in Russia
2020-12-17 04:14

World Bank names recommendations for economic growth in Russia

The World Bank has revealed what will help Russia accelerate its economic growth.

According to economists, our country should reconsider the import substitution policy, support the service sector and create a national institute for attracting investment. This is reported by "Izvestia", referring to the report of the organization.

In addition, Russia should reduce import duties, abandon outdated rules of technical regulation, as well as pay special attention to the protection of investors' rights.

Russia, according to the document, has untapped potential, and if the country takes a step towards integration into international trade and foreign direct investment network, it will have the opportunity to achieve national goals. It will also be able to increase its GDP, diversify its economy and multiply the benefits of traditional trade.

Made in Russia // Made in Russia

Author: Ksenia Gustova