According to him, over the past 30 years, a new capitalist system has been forming in Russia, the domestic economy and the social sphere are currently "in a completely different state."
“Basic institutions created over 30 years are high-quality financial regulators and tax authorities.
A number of Russia's basic institutions are more advanced than in the G7 countries," Shuvalov said.
Earlier, the chairman of VEB.RF listed the factors of modernization of the Russian economy.