Source Pravda.Ru

How to ensure Russia's economic security?

Doubling GDP in a matter of ten years is the major issue in ensuring Russia's economic security, Vyacheslav Soltaganov, Deputy Secretary of the Russian Security Council, told a conference called Russia's Economic Security: Strategy of Collaboration between State and Business.

Speaking about the main threats facing Russian economy, Soltaganov named accumulating disproportion in the economic structure, strong dependency on export of natural resources, the wearing out of production facilities, and the absence of a mechanism to distribute investment between branches of economy.

He believes that given the backwardness of certain sectors of Russian economy and their inability to face fierce competition on domestic and foreign markets, the requirement to go on opening Russian goods and services markets seriously jeopardizes Russia's effort to join the World Trade Organization.

In Soltaganov's opinion, competitiveness of Russian producers depends on how fast natural monopolies are reformed and small businesses are developed.