Russia's GDP could increase by 3% if annual investment in the economy amounts to Rub 5 tln, Minister of Economic Development Maxim Oreshkin said at a meeting held by the ministry's collegium.
"In order to talk about investment-driven economic growth of around 3%, we need an additional Rub 5 tln in injections per year," the minister believes.
He pointed out that "some" officials suggest the Bank of Russia print money, but MED does not share this viewpoint because "it is clear for every economist what adverse implications such policy may have". According to Oreshkin, at present his ministry is working on the mitigation of risks in order to encourage investors to break onto the Russian market.
