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WorldAsiaWhich does not allow the Russian economy to "break", explained the expert

Which does not allow the Russian economy to “break”, explained the expert

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The Russian economy can quickly “suspend” only if additional money enters it.

This was stated by economist Mikhail Khazin, according to DEITA.RU news agency with reference to Sputnik radio.

According to him, a prerequisite for the start of economic growth in Russia is the emergence of an opportunity for companies in the real sector of the economy to take out a loan for development at a very low or interest-free rate. at all.

Only in this case, as the expert explained, can the company begin to purchase the necessary machinery and equipment and start producing goods. Today, it is practically impossible to implement this simple scheme, because banks do not lend.

According to Khazin, they require entrepreneurs to leave valuable tangible assets as collateral for issued funds, which start-up businessmen simply do not and cannot have in principle.

The economist called on Russian liberals, who control state monetary policy, to blame for the existence of such a state of affairs. It is they, according to the expert, who do not want to inject money into the economy.

“The Central Bank and the Ministry of Finance stand to death in positions of sharp reduction in the money supply in economic turnover, explaining this by the fact that otherwise inflation will rise sharply in the country” , Khazin said.

Copyright © 2023 The Eastern Herald.

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