It is vital for Russia to normalize relations with the rest of the world. You shouldn't isolate your economy
Kenneth RogoffWhy are oil prices so low? First, energy consumption growth rates in developing markets have decreased. This is particularly noticeable in China. Second, new technologies are being developed and the shale gas revolution in the USA has taken place
Kenneth RogoffThere has been a noticeable decline in the labor factor in all wealthy countries in the past 20 years. The rich are getting richer, but those at the lower end aren't moving ahead as quickly as the capitalists.
Kenneth Rogoff