





Moscow official: Russia to become sixth world economy starting with late 2008
The business environment reacted to the government's representative declaration and the discourse was, according to RBK Daily interrupted by applauses several times. Suvalov declared that over the past 300 years, Russia's ambition to exceed the West was an idea imposed upon politicians. The pressure failed to bring about the expected results.
Suvalov mentioned that the state needed to stop interfering with the economy in order for the latter to develop properly. He reiterated the official mission of the state, to enforce property rights. Goldman Sachs scientific director Jim O'Neil declared that Russia would not be able to enter the top 5 position earlier than 2020. In his opinion, Russia's main obstacle is a demographic one.