The Russian economy cannot grow more than by one and a half-two percent per year in the absence of structural reforms. This was stated by the Chairman of Bank of Russia Elvira Nabiullina, as the correspondent of “Lenta.ru” reported from the Exchange Forum on Tuesday, April 12.

      According to her, this level is hard to overcome even with oil prices at $ 100 per barrel. She added that sustainable growth can only be provided by the investment type of development. In general, such growth needs a combination of three factors - responsible macroeconomic policy, structural reforms and capital market development. At the same time Nabiullina admitted that the country could return to economic growth from one quarter to the next as early as in 2016, although overall figures for the year might be negative.