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Expensive energy impedes economic growth
Russian President Dmitry Medvedev has warned that further growth in energy prices may bring Russia’s economic development to a halt. He was speaking during a State Council Presidium meeting on developing the national electric energy complex in the Republic of Hakassia, in southern Siberia, earlier this Friday. Medvedev said that the average energy tariffs have grown more than threefold in Russia since the year 2000, but are still lower than in many other countries. But if the trend persists, Russian prices will exceed those in the United States, Finland and other nations by 2014, the President said.
