Chubais did not see the way out of Russia and the world from the crisis

The head of Rusnano Anatoly Chubais is not sure that the world reached the lower point of the financial crisis, he said on Monday at a meeting with representatives of the Russian-French Chamber of Commerce and Industry, RIA Novosti reports.

“I can’t say that Russia and the world have reached the lower point of the crisis. I’m not sure that the European and American banking systems have opened all its“ poisonous assets. ”I don’t understand Chinese dynamics at all, which can become very important for the world,” Chubais said.

He noted that he does not see "catastrophic risks at the level of macroeconomics." At the same time, Chubais emphasized that the policy of the Russian Ministry of Finance and the Central Bank to combat the consequences of the crisis "turned out to be brilliant." “It was they who saved the country (during the crisis),” Chubais emphasized.

The head of Rusnano noted that "risks (economic) are still serious, and are not associated with macroeconomics, but with the ability to restructure." As an example, he cited AvtoVAZ, which was allocated financial assistance in the amount of about $ 1 billion.

"He (" AvtoVAZ ") will last in this billion dollars until October-November, and then?" - asked the rhetorical question Chubais.

Meanwhile, on Monday, the head of the Russian Mayor Elvira Nabiullina reported to Prime Minister Vladimir Putin that the country's economy overcame the lower point of decline this summer .

According to Elvira Nabiullina, the growth of industrial production in July compared to June amounted to 3.6%, the minister noted that in July the monthly growth of industry was recorded for the third month in a row.

In July, the growth of investments in July amounted to 0.3%, the minister said, noting that July was the first month in 2009, when a positive dynamics of the influx of investment resumed. "This allows us to hope that in the summer we went through the lower point of economic development," the minister said.

Nabiullina recalled that in August of this year,inflation was zero - for the first time since August 2001, such a low monthly inflation was recorded in Russia in August (a year ago in August, prices were 0.4%).

"We reviewed the inflation forecast, we believe that inflation (in 2009) may meet 11.6-12%," Nabiullina said. She recalled that for 2010 the Ministry of Economic Development plans inflation in the amount of 9-10%.

Speaking about the revitalization of Russia in the industry during the summer, the head of the Ministry of Economic Development noted that growth began with export -oriented and import -substituting industries, but has already spread to the production of machines and equipment. Meanwhile, Nabiullina noted the need to "have a positive dynamics in financing enterprises."