21.03.09

Russia's post-crisis recovery will be hampered by the absence of economic infrastructure and independent judiciary, ex-leader of the Yabloko party Grigory Yavlinsky says in his article published on Yabloko's official web site.

"Our economy remains strongly dependant on world markets and the latter depend on the U.S. economy," Yavlinsky says.

If things get better in the United States, they will also improve in Russia, he says.

As for what should be done, he believes that while Russia still has financial reserves, "it would be useful to launch the mass construction of cheap individual housing, give millions of people land plots for houses, solve the problem of hostels, decrepit housing, 'communal' apartments, young families. Housing construction is a powerful economic locomotive because it needs primary goods, construction materials and also light industry goods - furniture and sanitary equipment," he says.

Yet, he doubts that the government can do that.

"A question arises: through whom? Whom should the government give money? It will disappear! There are no reliable banks, investment companies or construction firms, no institutes capable of distinguishing swindlers from non-swindlers," Yabloko ex-leader says.

To his own question "why", he says: "because that's how privatization was conducted in the 90s and nothing has been changed, because power and business have fully merged, because we have no independent courts."

"There is no equal law for all and there is no law as such because there is no real parliament. We should have created all that but practically nothing has been done over the past eight years. No economic infrastructure as been created, no real judicial institutes have been built," Yavlinsky says.

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Source: Interfax