in Russia will introduce new rules for payment of bonuses executives of banks that serve as a stimulus for further development of the financial system. This in an interview on "Russia 24" said the vice premier, Finance Minister Alexei Kudrin, who heads Russia"s delegation at the World Economic Forum in Davos.

"We will introduce new rules regarding standards and reserves of banks, pay top management of banks to encourage them to long-term, stable work of institutions, rather than quick profits, which gives a quick bonus", - Kudrin said.

He expressed a paradoxical at first glance, the idea that the strict rules imposed on the international level in post-crisis period, only expand the possibilities of capital movements. "Davos is really discussed how to make the emerging growth sustainable. The main theme - how to achieve sustainable growth. If we talk about what the role of the state, the peak of the crisis is bound to interfere, but I do not think that the dilemma is States should be more or less, - said Kudrin. - At the plenary session, attended by the presidents of three countries, leading experts, I said, setting rules and rigid tracking these updated rules, we just will develop capitalism. "

According to Kudrin, if today all afraid of bad debts, securities with an unknown reliability, if every country would defend itself against these securities, we simply guide walls, barriers to capital movements. "And then our country will get less credit, less capital. There will be less economic growth - is sure Kudrin. - So the question is not whether to instruct more barriers, and to establish strict rules. To even the most amateur investors of any countries by investing money in a security any firm or company, was sure that it is protected. Then capital will more powerful than today. The rules not only reduce capitalism. They extend the movement of capital. "

Kudrin also announced a forecast of external borrowing for the coming period. According to him, in the next 5 years, Russia will take in $ 18-20 billion barrels of oil at a cost of $ 70. In addition, he said he did not expect the jump in oil prices and significant changes in the ruble. "Now oil prices are very reasonable compared to those that were before the crisis. In this sense, we do not have any large jumps of the ruble, and now we can say that the ruble in the equilibrium position of some major changes will not be" - Kudrin said.

This official described one of the mistakes of recent years, admitted Russia"s economic power, a serious strengthening of the national currency and rising inflation as a result of revenue growth from high oil prices. "So we began to spend, no matter what, and this created a great strengthening of the ruble and inflation. And we have even hindered it, gained the stabilization fund. It appears that few constraints, we had more. This is the first mistake. Strengthening and inflation - are the consequences our actions on the use of oil and gas resources ", - said the Minister.

Head of Treasury also said that to get away from commodity products to high-tech economy, Russia"s Stabilization Fund interfere insufficient, high inflation and the strengthening of the ruble. "The state should create an infrastructure upgrade. The market must go professionals who will work with the new equipment. But somewhere they must learn this. We need to renew education. We need to establish clear financial institutionc60s of new developments. For this we need investment companies, venture company, "- he explained.

"We also need and borrowing, the latest technology. We have not invented anything that was created in the world. So we must move in two ways - to borrow the latest technologies and create new products, preparing the best professionals, funding research," - said Kudrin .

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