Expert says Russia will be able to hop off the 'oil needle' in 10-12 years

Non-oil-and-gas exports from Russia will exceed oil and gas exports.

Russia will be able to switch to the non-oil-and-gas economy in 10-12 years, the head of the Center for Strategic Research (CSR), Alexei Kudrin said at a business forum on Tuesday.

"One of the parameters, which, I think, will be achieved in 10-12 years - is the fact that non-oil-and-gas exports from Russia will exceed oil and gas exports. I think it is necessary and only then we can talk about hopping off the oil needle," he said.

First published by TASS.

All rights reserved by Rossiyskaya Gazeta.

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