Russian president Vladimir Putin made a lot of big promises in his State of the Nation speech on March 4, but how realistic are they? And how will the Russian government pay for everything? bne IntelliNews editor-in-chief Ben Aris sat down with BCS Global Markets chief economist Vladimir Tikhomirov to discuss these issues and more in the first of a two part interview.
In this episode we cover: the affect of defence spending cuts on industrial production, the 50% GDP growth target in six years, just how much of the Russian economy does the state control, labour reform and the demographic outlook in Russia, and why full privatisation will never happen.
Ben Aris, editor-in-chief bne IntelliNews
Vladimir Tikhomirov, chief economist BCS Global Markets