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 insured amount of money deposited in bank accounts was increased to 700,000 roubles, that funds were allocated for the rehabilitation of ailing financial institutions and replenishment of bank capital through subordinated loans."
"At the same time, I think it is possible to offer the necessary government guarantees - a little over 4 billion roubles - to fully reschedule GAZ debts to its creditors. The state must act as a guarantor. I hope this measure will help the enterprise get out of the current situation and gain the necessary momentum for the future."
"State guarantees will also be extended to KAMAZ and Sollers, 4.6 and 5 billion roubles, respectively, in guarantees of investment programmes and projects."
"First a few words about VAZ. Based on the preliminary analysis of the situation and the discussion today, I think we can afford to allocate 25 billion roubles to redeem earlier credits to restore the current solvency of this enterprise through Rostekhologii Corporation. The money will be disbursed as the material contribution and then transferred to AvtoVAZ as an interest-free loan."
"I also believe it is possible to restructure AvtoVAZ debts to the federal budget - that is, allowing it to its tax arrears not in 2009-2015, but in 2011-2017. As I said today, it would save the enterprise about 1.5 billion roubles. The same measure may be taken with regard to ZIL, in which case said company would save 800 million roubles."
"In fact, a decision has been made in principle to step up work on leasing schemes in the procurement of automobiles by government institutions. We have just heard that the work to create a specialized leasing company for the Ministry of Transport has been completed. I hope that it will start working and placing orders and will hold the relevant tenders in the near future."
"The legal framework is already in place for launching the programme of subsidizing interest on loans for purchasing domestically-made cars priced up to 350,000 roubles. I am referring not only to the traditional Russian brands, but also to foreign cars assembled in Russia."
"The construction of a car assembly plant in the Far East. <...> In order to build that enterprise, access to "long money" is needed - for example, by issuing bonds in the market. This topic was also discussed today. We will in every way support the relevant proposals of the Central Bank. All these measures will hopefully combine to play a positive role."
"In February of this year the Government allocated an additional 12.5 billion roubles for centralized procurement of automobiles for government needs. We have just been talking about it and I would like to stress - and I am appealing to the heads of government bodies present here - that all the plans must be fulfilled in short order. Everything must be done by the middle of April."
"The other day the Government approved the procedure for the distribution of state subsidies for the purchase of transportation and utilities technology for the needs of the regions and municipalities. As one executive of the Ministry of Regions said, in April the subsidies are to be disbursed and tenders to procure automobiles through the regions must begin to be held."
