- Sputnik International
World
Get the latest news from around the world, live coverage, off-beat stories, features and analysis.

Food Self-Sufficiency, Technology More Vital for Russia Than Oil, Gas

© Sputnik / Sergey Guneev / Go to the mediabankDeputy Prime Minister Arkady Dvorkovich
Deputy Prime Minister Arkady Dvorkovich - Sputnik International
Subscribe
Russian Deputy Prime Minister said that hydrocarbons exports will still remain the core of the Russian economy, but it is strategically more important for the country to become self-sufficient in food production and concentrate on technologies development.

Thailand's deputy prime minister and defence minister General Prawit Wongsuwan (C) makes a traditional greeting as he arrives for a cabinet group picture following a reshuffle on August 20 to include 10 new ministers, at Government House in Bangkok on August 25, 2015 - Sputnik International
World
Thailand to Supply Russia With Food in Exchange for Military Equipment
KRASNOYARSK (Sputnik) Hydrocarbons exports will still remain the core of the Russian economy, but it is strategically more important for the country to become self-sufficient in food production and concentrate on technologies development, Russian Deputy Prime Minister Arkady Dvorkovich said.

"The hydrocarbons will remain the core of our economy in the future as well. It is foolish to renounce our natural wealth, however, at the same thing, two other riches are much more serious — our land and our people. [The territory is] an opportunity to provide food, whereas the people are an opportunity to define technological development," Dvorkovich told reporters on the sidelines of the Krasnoyarsk economic forum on Friday.

These two riches are strategically more importantly for Russia, he stressed.

The Russian economy has experienced a slowdown caused by an oversupply in the global crude oil market and, to a lesser extent, by Western sanctions that have been imposed over Moscow’s alleged role in the internal Ukrainian conflict.

According to the Russian Central Bank, the dependence of the Russian economy and the national currency's exchange rate on oil prices is gradually decreasing, however, there is a need to further diversify the country’s economy.

Newsfeed
0
To participate in the discussion
log in or register
loader
Chats
Заголовок открываемого материала