Russian leaders: Let’s get our own economy in order

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Russia’s relatively pro-market economic “liberal” faction may be gaining the upper hand in the struggle for control of the country’s moribund economy.

A host of the country’s most important banking chief executives and policymakers spoke of the need for more structural reform to the economy, instead of short-term monetary stimulus, in Moscow Thursday.

Since Russian economic growth began to falter this year, after investments were pulled from the country and economic sanctions enacted following its clashes with neighboring Ukraine, there has been widespread speculation that hardliners in the administration, led by President Vladimir Putin, may use short term stimulus measures to negate the effect of external factors.

Yet relatively liberal economic voices seemed to have the upper hand during a panel at the Russia Calling investment forum in Moscow.

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