Russia needs government investment to avoid recession, former finance minister

September 16, 2014 11:21 AM

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Russia needs government investment to avoid recession, former finance minister

MOSCOW (Reuters) - Russia risks slipping into recession because the government is not investing enough in the economy to weather Western sanctions, former finance minister Alexei Kudrin said on Tuesday, criticizing the strategy so far.

A strong advocate of liberal reforms, Kudrin has become almost the only voice in the Russian elite to question economic policy since the Ukraine crisis, counting on his long-term close ties to President Vladimir Putin to protect him from censure.

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