VLADIMIR PUTIN
ARCHIVE OF THE OFFICIAL SITE
OF THE 2008-2012 PRIME MINISTER
OF THE RUSSIAN FEDERATION
VLADIMIR PUTIN
ARCHIVE OF THE OFFICIAL SITE
OF THE 2008-2012 PRIME MINISTER
OF THE RUSSIAN FEDERATION
VLADIMIR PUTIN
"The present-day Russian economy is much stronger, and has greater stability. Its scale has changed cardinally, and we have sizeable reserves. So we can afford to address acute social issues, at any rate, and we are dealing with them."
"The corporate debt has reduced by a third as of today. Our companies have made sizeable debt payments in the preceding months, and rescheduled their debts to $174 billion without Government support. The state has no obligations on corporate debts."
“Today, too we cannot be wholly satisfied with the quality of our market and social institutions. But one thing is certain: The crisis has shown us that these institutions are functioning. They remain stable, displaying their ability to resist destructive trends.”
"Also, and we can all see this, the rouble has stabilised. There is a basis for suggesting that inflation will fall. This means that in coming months we will be able to count also on the fall of the Central Bank rates."
"However, we can be confident that Russia will overcome the crisis. It will certainly maintain its position as one of the world's biggest economies with a large reserve of development, powerful labor, and technological potential."
“We had to parry two blows at once. First, we had to deal with the financial crisis which caused the outflow of capital because Western economies faced liquidity shortages and took away their assets. Speculative capital also started leaving our market. Foreign crediting sources dwindled, too. Second, demand for our traditional export items and their prices plunged.”
"It is thus our duty to protect Russian manufacturers. We are doing it ever more actively, and we also protect Russian consumers, considering the high import prices. In this, the principles we proceed from should be simple enough for everyone to understand. We should merely support domestic agricultural development. We cannot cut off the domestic market from imports-or the prices of staple foodstuffs will skyrocket."
“We have to say that the crisis is not over yet and has not even peaked. The efforts by the Governments of the most developed global economies have not yet produced any tangible results. This means that this situation may persist for a long time.”
“We have promised that no matter how difficult it may get, we won't apply shock therapy. I believe that these measures have primarily helped the country to avoid a crisis shock.”
“True, we have made economic diversification our goal only recently. On the whole, I think we have taken the right road and are reaching our targets at a fairly good pace. We'll make it, I am sure. The global financial and economic crisis is helping us, in a sense, because it forces us to be more rational, implement new technologies (energy saving, for example), upgrade production and retrain the personnel. All that gives us hope that we will get out of the crisis more mature and with better development prospects.”
