[lbo-talk] Russian DPM says Russia's GDP could triple by 2020

Chris Doss itschris13 at hotmail.com
Thu May 22 05:45:12 PDT 2003


Russia's GDP could triple by 2020

MOSCOW. May 22 (Interfax) - In accordance with the optimistic scenario of Russia's economic development set forth in the energy strategy for the period to 2020 approved by the government today, Russia's GDP will increase by 230% by 2020 against 2000, Russian Deputy Prime Minister Viktor Khristenko told reporters.

In accordance with the moderate scenario, Russia's GDP will increase by 150% by 2020.

"By 2020, Russia's power consumption will go down 40-50% in accordance with the optimistic scenario," Khristenko said. The decrease in power consumption is one of the key elements of Russia's energy strategy, he said.

Even with such "large-scale tasks, the structure of the energy balance will not change considerably," he said. In particular, the share of gas in the fuel consumed in Russia will remain at the current level of some 50%, he said.

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