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RYZHKOV: RUSSIA SURVIVES ONSET OF ECONOMIC CRISIS
ARKA
Aug 4, 2009
YEREVAN, August 4. /ARKA/. Russia survived an onset of the economic
crisis, a member of the Federation Council of Russia, a co-chairman
of the Armenian-Russian Interparliamentary Commission on Cooperation
Nikolai Ryzhkov said.
"Yes, we are experiencing difficult times, but as an economist I
can conclude that we have stood the onset. We passed the tsunami,"
Ryzhkov said during the Yerevan-Moscow radio spacebridge, organized by
"Golos Rossii" radio station.
According to him, a lot of money was spent, the banking system
has strengthened, and although not everyone is satisfied with the
way Russian financial means reach the enterprises, those are only
disbursements. We need to think about the future.
"Once the crisis is over, there comes the recovery. All that's extra
is discarded. All that is worthwhile, for example, new technologies
and new systems of governance, is being adopted. We must now think
about the future and what to do next," the Russian senator said.
He noted that the crisis summed up that one economic model, which was
at one time used by the U.S. and exported to Europe, including Russia.
"The so-called Chicago School brought us to what we have today. We
need to come up with serious conclusions regarding this," Ryzhkov said.
He said that Russia must withdraw from focusing on the commodity and
engage in the processing industry.
ARKA
Aug 4, 2009
YEREVAN, August 4. /ARKA/. Russia survived an onset of the economic
crisis, a member of the Federation Council of Russia, a co-chairman
of the Armenian-Russian Interparliamentary Commission on Cooperation
Nikolai Ryzhkov said.
"Yes, we are experiencing difficult times, but as an economist I
can conclude that we have stood the onset. We passed the tsunami,"
Ryzhkov said during the Yerevan-Moscow radio spacebridge, organized by
"Golos Rossii" radio station.
According to him, a lot of money was spent, the banking system
has strengthened, and although not everyone is satisfied with the
way Russian financial means reach the enterprises, those are only
disbursements. We need to think about the future.
"Once the crisis is over, there comes the recovery. All that's extra
is discarded. All that is worthwhile, for example, new technologies
and new systems of governance, is being adopted. We must now think
about the future and what to do next," the Russian senator said.
He noted that the crisis summed up that one economic model, which was
at one time used by the U.S. and exported to Europe, including Russia.
"The so-called Chicago School brought us to what we have today. We
need to come up with serious conclusions regarding this," Ryzhkov said.
He said that Russia must withdraw from focusing on the commodity and
engage in the processing industry.