Dmitry Medvedev speaks at the Gaidar Forum in RANEPA

On the first day of the Gaidar Forum, Prime Minister of Russia Dmitry Medvedev made a traditional appearance at the event. He spoke at the central discussion of the forum, Russia and the World: Setting Priorities.

In his opening remarks, the Prime Minister said his speech is not a program or a detailed analysis of the current economic situation in Russia. In his opinion, the risk of a lingering stagnation is a serious problem. “We need large-scale structural reforms,” the Prime Minister said. “That Russia has weathered the crisis much better than many forecasts had suggested does not mean that all our problems are resolved; normally, the economy has to show growth in potential and opportunities,” he added.

The task of reforming the economy is still relevant for Russia, and needs to be addressed during the period of low commodity prices. Given that the economy is in a vulnerable state at the moment, any structural solution should be extremely carefully balanced.

Mr. Medvedev also noted in his speech that the Government is not discussing the possibility of introducing a progressive income tax system: “At the end of last year, the President said progressive income tax is not on the current agenda,” he said.

Summing up, the Prime Minister said the government needs to reduce excessive intervention in the economy; to promote competition; to improve the investment appeal of individual regions; and to restructure the public administration system.


General partner: Gazprom. Financial partner: Otkritie Bank. Strategic partners: Gazprombank, Unilever, ACIG Group of Companies, Johnson&Johnson, Novartis Group in Russia, Masterсard, Yegor Gaidar Foundation, MSD. Official partners: Microsoft, RVC. Partners: EY, Cotton Way, The Russian Brewers' Union, Tomsk region. Insurance partner: Rosgosstrakh.

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