OREANDA-NEWS  In the long term, one of the main advantages for Russia will be the preservation of market competition within the framework of the platform economy. This was stated by the head of the Central Bank (CB) Elvira Nabiullina, quoted by TASS.

She called the key task of the financial authorities to ensure that people do not become hostages of monopoly structures. Whatever the technological progress, the preservation of market competition should remain the most important goal, Nabiullina stated.

The rapid development of AI technologies, she added, already poses a serious challenge to the global and Russian economy. In the next ten years, these changes will largely determine the conditions for doing business, the financial system, and people's daily lives in general. "We are now once again in the history of mankind in the era of tectonic technological changes," Nabiullina concluded.

Earlier, she called the low labor productivity in the country the main drag on the Russian economy. According to Nabiullina, Russia is noticeably lagging behind the world leaders in this indicator. It is this factor, rather than the high key rate, that prevents more active growth of Russian GDP.