Russian Presidential Economic Advisor Andrey Illarionov has again criticized the restructuring of RAO UES. According to him, the cost of the Russian energy is higher than in the rest of the world, if it is calculated from the point of view of electricity sales' share in the GDP. The world average share is 2-2.5 percent of the GDP, while in Russia it will be 5.5 percent this year, he said.
He also doubted the necessity for reorganizing vertically integrated companies when reforming the sector. According to him, electricity is cheaper in countries where vertically integrated companies were preserved. He also pointed out that since 1997 technological losses of electrical energy in networks had increased from 8.5 percent to 12 percent.
Russian Finance Minister Anton Siluanov announced a possible move that Russia can take in response to new US sanctions
When the bill was submitted to Congress on August 2, the reason for imposing the new sanctions on Russia was based on Russia's alleged interference in the US presidential election in 2016, but then something clicked
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