“Unfortunately, we are standing. We are in stagnation, ”RIA Novosti quoted Kudrin as saying.

He noted that the main reason for the economic slowdown was the "failure to conduct sufficient structural institutional reforms."

According to him, a reform of the public sector is needed, at least halving the regulatory burden on business and creating large economic agglomerations at the regional level.

In June, Kudrin announced that the national economic recovery plan included about 430 billion rubles of new support measures.