The son of Yakunin called the actions of the Central Bank "trouble for the economy"

The son of the former head of the Russian Railways and founder of the Venture Investment and Yield Management investment fund Andrei Yakunin criticized the monetary policy of the Bank of Russia and its influence on the investment business. It is reported by RNS.

“You need to very clearly understand that partnership of Equity financing by definition cannot be cheaper than borrowed-never, under any conditions. But what is now doing the Central Bank in the framework of credit-money policy with borrowed financing rates in Russia is the trouble for the economy and the investment industry, in particular, ”said Yakunin.

According to him, “almost all” funds in Russia, regardless of the strategy, have difficulties with attracting funds. It makes sense to invest in Russian business only with the expected yield of 50%, but such profitability is mainly among those companies that are engaged in the sale of weapons or drugs, said Yakunin.

Former Deputy Chairman of the Central Bank Sergei Aleksashenko previously noted that Rosstat’s refusal to publish monthly reports on the dynamics of investment in the Russian economy makes it impossible to evaluate “where and at what speed the Russian economic ship is moving”.

The Central Bank data indicate that for the first three quarters of 2016 about $ 11 billion invested in the Russian economy.