Russia won't be modernised Medvedev's way, says analyst

President of the Institute of Energy and Finances in St. Petersburg Leonid Grigorev thinks that any reform and modernisation of Russia from the top is impossible as there is severe corruption in the country. Financing from the top will not get the money to the sectors needed as it would be consumed before it get there, he says.

Grigorev's comments are an indirect response to Russian President Medvedev’s recent statement that the modernisation of the Russian Federation is the most important task the country faces in the near future.