June 21 - Looser monetary policy, growing domestic demand and lower interest rates should boost economic growth in Russia, says VTB CEO Andrei Kostin.
Welcome city's Saint Petersburg international economic forum in Russia -- not is that you the exact through Russia's second biggest bank -- to be -- -- mystical something to join us. What's fueled. Say call on the web Russia these guys in there is some concern here among investors what do you make two Russians good Russians economic prospects. -- main concern Russia probably as well as overall in the world that the pace of growth. On the one hand Russia has a very much for economic situations. Whether the government that for example going into the half percent of GDP which is probably one of the lowest moment. Between him. And the inflation though maybe still high in comparison -- what's the ultimate but. What historical we expect this year will be of historical -- they'll devote less than 6%. On the other hand of course we have a hold on missile for economic growth. And the big concern though the president of the government and the business community initiative how to promote growth. And there's a certain messages from -- Both business the government seasons that. We will -- be able to keep stuff that's the case. Now it's you know what's most of focus two point 7%. That's not much content here great figures in Boston is that's actually quite close to develop to. Yes -- I think there's certain areas around the Russian government miles or one is. Actually it to spend more government money you know rush was -- as -- we want to reports that we're looking here. And actually accumulating. Although money is special swollen. Two. That that substantial part of the problem was found on the on the logical thoughtful approach. The third in the fall of the real growth low income population. Who provided for the months. Since he was a month. For the -- man that that's. I think we've and you don't know if until then we might expect to solve the political and -- And we expect that these kids today who will go down and over the Bengals thought to lend more money the way through the banking -- what Lyndon. Quite a -- in comparison with the -- -- will in east Central Bank analyst do you think will be will it be radically different from what it was on to the previous government. Well maybe in the hope that I think I think if it's -- I think in movie I mean. What critical -- him have given probation I think will be substantial changes. Maybe not the ones. But I think guys eulogy will be different bill do you. You know -- Google I think when I'm I'm -- of the between team finds that group would discuss that we that we part of Europe and America. I think there's. Focused on growth -- federal bank holidays this problem in Russia. That was quite -- usual. -- -- units in May be 510 years ago but don't know so I think. The rest little band will be more focused on -- together -- -- -- of Russian currency is adamantly.