The Central Bank urged to find a new model of economic growth

First Deputy Chairman of the Central Bank Ksenia Yudaeva

Russia should find a new model of economic growth, said the first Deputy Chairman of the Central Bank Ksenia Yudaeva, the TV channel “Russia 24”. “The new economic reality for Russia is the need to find a new growth model with changes in oil prices”, — quotes its TASS.

According to Yudayeva, the economy has largely adapted to the new reality. Now you need to think “about how to live,” she said.

About the need to find new sources of economic growth may 25, said President Vladimir Putin. “The current dynamics, we repeatedly stated this, shows that the reserves and resources at the beginning of the two thousandth moved our economy forward, are not working as before”, — he said at a meeting of the economic Council. According to the head of the state, by itself, economic growth does not resume, it will be somewhere around the zero mark”, if new sources of growth will not be found.

At the meeting of the economic Council, Putin suggested several sources of growth. Among them, according to RBC, the proposal to target money issue, expressed by presidential adviser Sergei Glazyev and the business Ombudsman Boris Titov. Chairman of Center for strategic development Alexey Kudrin advocated reforms, including the reduction of state participation in the economy, raising the retirement age and improving the judicial and law enforcement systems.

The Minister of economic development Alexei Ulyukayev, in turn, offered to help companies to reduce costs, including by reducing labor costs and curb the growth of tariffs of natural monopolies. This, in his opinion, will allow business to free up resources for investment.

While none of the raised on the meeting agenda was not adopted specific solutions. The President’s press Secretary Dmitry Peskov said that it is still unclear whether the meeting any order. He only said that all points of view will take into account, and discussion of the “to be continued”.