Reshetnikov outlined the contours of the following economic model

Higher rates and a stronger ruble will become the contours of the next economic model. This was announced on June 4 by Maxim Reshetnikov, Head of the Ministry of Economic Development of the Russian Federation, during the session "How to return to the trajectory of sustainable economic growth in the face of global uncertainty" at the St. Petersburg International Economic Forum (SPIEF).

"Look, structural changes are obviously underway, and they are quite active. The question is, where do we want to direct these structural changes? From this point of view, it is clear that all our key constraints have not changed," he said.

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