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Mon, Apr 18, 2016 Sergey Glazyev 10,056

The author is an advisor to Russia’s President and a member of the Russian Academy of Sciences

The economic situation is increasingly chaotic. The world economy is out of control. We target inflation, and it doubles. Talk about transitioning to a new direction results in a further degradation of the economy. ‘De-offshorization’ got us more foreign equity in our corporations and industries. Import substitution resulted in further price rises.