Russian Economy in 2012-2014: Trends, Analysis, Forecast

The System of Stifling Tricks of the Bank of Russia

#10. Talkative Times

Implemented in recent years monetary and issuing policy of the Bank of Russia artificially stifles development of the domestic economy, destroys the remnants of science intensive industries, preserves the technological backwardness and strengthens Russia’s status of the “resource colony” and the end market for transnational capital.