Russian businessman Oleg Deripaska predicts that Russia will face a severe crisis for at least three years due to the events in Ukraine.
“I understand this better than others. When people tell you: will the Iron Curtain be lowered or not? The Iron Curtain has already been lowered. (…) Crisis (waiting for the country – IF) at least three years of the most severe. Multiply the 1998 crisis by at least three,” he said, speaking at the Krasnoyarsk Economic Forum.
“It will be necessary to reopen this curtain. The first step is peace. The second step is to honestly discuss where we live, how we live, under what conditions, who commands what, what risks it carries, it is certainly important to raise the population. I am against the most severe financial pressure, it (population – IF) not guilty of anything,” Deripaska said.
Deripaska explained that in three weeks it would be clear what happened to the state-owned banks of the Russian Federation in sanctions.
Speaking about the population of Siberia, the businessman expressed the opinion that it is necessary to develop preferential mortgages here, and this will make it possible to preserve the construction sector this summer.
“Small and medium-sized businesses, mortgages, all issues related to the development of agriculture – all this needs to be financed. Otherwise, we will fly by minus 20% of GDP, we experimented with this in the 1990s,” Deripaska said.
The international information group “Interfax” is a strategic information partner of the Krasnoyarsk Economic Forum.
