Prime Minister Vladimir Putin focused on financial support from the federal government for constituent entities. Funding for these programmes grew by 400 billion roubles in 2009, reaching 1.5 trillion roubles. Mr Putin also touched on the issue of car loans, noting that he signed a government resolution on February 4, allocating another billion roubles to subsidise interest rates on car loans. The subsidies will cover two thirds of the refinance rate of the Central Bank of the Russian Federation for car loans.
Meeting of the Government Presidium
4 february 2010
Prime Minister Vladimir Putin at a meeting of the Government Presidium