You're reading: Russian GDP growth could slow to 2%-3% if dependence on commodities maintained

MOSCOW - Russian economic growth could slow to 2%-3% annually if fuel and energy continues to prevail in the economy's structure and the investment climate remains poor, Economic Development Minister Elvira Nabiullina said at an international conference on the development of economy and society, organized by the Higher School of Economics.

In this scenario, economic growth will slow "quickly enough," she said.

"For us, of course, these growth rates are not acceptable," she said.