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Putin Sealed Russia’s Development Concept till 2020
RF Prime Minister Vladimir Putin inked the ruling of November 17, 2008 to approve the long-term concept of the country’s social and economic development till 2020.
According to the government’s press service, Vladimir Putin committed the Economic Development Ministry to elaborate and submit to the cabinet by August 1, 2009 the outlook for long-term social and economic advance till 2030.
The basic, innovation scenario for Russia’s economy’s advance till 2020 provides for the 2.3-fold growth of GDP by 2020 vs. 2007. The crude oil production is estimated to surge 9 percent by 2020 vs 2007 under the innovation scenario and increase no more than 1.9 percent under the inertial scenario.
Should Russia stick to the inertial scenario, the export share in the overall production will drop from 52.7 percent in 2007 to 51 percent in 2020. But it will lower to 47.7 percent under the innovation scenario. The oil-refining depth will step up from 71.7 percent in 2007 to 81 percent in 2020 under the inertial scenario and to 83 percent under the innovation scenario.
www.kommersant.com
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