“He's definitely not going to do that.

And what he will achieve is a return to stagnation over the past five years in terms of economic growth and increased investment in fixed assets.

So, goodbye, hope for an increase in the income of the population, goodbye, hope for the modernization of industry - in general, everything that is written in the government's program is unlikely to be implemented, ”Deripaska said in his Telegram channel.

On July 23, the Board of Directors of the Bank of Russia decided to raise the key rate to 6.5% per annum.

Earlier, the key rate was raised to 5.5% per annum.

Commenting on this decision, Oleg Deripaska said that this is madness. 

The head of the Central Bank Elvira Nabiullina said that it is still impossible to talk about a steady slowdown in inflation, although in June - the first half of July 2021, the first signs of a weakening of inflationary pressure appeared.