Alexei Kudrin Quotations

Lowering inflation to 3-4% annually should be a priority, a major instrument of economic policy, and we have the means to lower inflation to this level.

If inflation is 3-4%, interest rates will drop to 5-7% and loans could be issued for 10 years.

We should know how much we have in a non-oil budget.

We will have to raise VAT again in a couple of years.

We informed our partners about the development of the gas industry in Russia.

This is not just a question of supplies of oil or gas, though they of course play a serious role.

It is the first time in my experience that major changes that were rejected during preliminary considerations have been made to such a high-profile document without prior discussion by the Cabinet and coordination with the main ministers.

That is why we do not understand the U.S. dollar at the moment as the universal or absolute reserve currency.

I have no doubts that Russia's position will be supported.