VLADIMIR PUTIN
ARCHIVE OF THE OFFICIAL SITE
OF THE 2008-2012 PRIME MINISTER
OF THE RUSSIAN FEDERATION
VLADIMIR PUTIN

Point of View

12 february
2009
Targeted Support for the Economy 197

“It is necessary to continue implementing investment projects on advancing oil refining, modernising and building new oil refineries, and improving the quality of oil products.”

Vladimir Putin
Meeting to discuss the conditions and problems associated with oil industry development, St Petersburg Region, 12 February 2009
12 february
2009
Targeted Support for the Economy 197

“The situation on the world energy market has considerably changed in the last few months. Oil prices have dropped more than three times. It would be no exaggeration to call this a dramatic change on the market. Needless to say, we had to focus on urgent measures to support our oil companies.”

Vladimir Putin
Meeting to discuss the conditions and problems associated with oil industry development, St Petersburg Region, 12 February 2009
12 february
2009
Targeted Support for the Economy 197

“It is obvious that reduced taxes on oil production and other preferences should be thoroughly sized up and well balanced. They should also determine the industry's priorities with due account of the budget potentialities and the domestic economy in general.”

Vladimir Putin
Meeting to discuss the conditions and problems associated with oil industry development, St Petersburg Region, 12 February 2009
12 february
2009
Targeted Support for the Economy 197

“The operating tax system is based on deriving profits from the exploitation of old oil deposits, and does not encourage subsoil users to develop new ones. We have already made decisions on the introduction of tax extraction tax holidays for the development of deposits in East Siberia, the Caspian Sea, the Arctic shelf, Yamal, and the Nenetsk Autonomous Area.”

Vladimir Putin
Meeting to discuss the conditions and problems associated with oil industry development, St Petersburg Region, 12 February 2009
11 february
2009
Targeted Support for the Economy 197

“I think that despite all current problems, the state is obliged to guarantee steady funding of fundamental research, and there will be no reductions in this sphere.”

Vladimir Putin
Meeting of the Council of Chief Designers, Moscow, 11 February 2009
11 february
2009
Targeted Support for the Economy 197

“We must think about funding the development of critical technologies in defence, healthcare, space, aircraft-building, education, and environmental protection. We will not curtail or shelve promising scientific and technological programmes.”

Vladimir Putin
Meeting of the Council of Chief Designers, Moscow, 11 February 2009
11 february
2009
Targeted Support for the Economy 197

“At the November meeting we adopted together with you a number of priority measures aimed at the company's financial recovery. I'd like to brief you once again on the planned measures - the MiG open joint-stock company will receive 15 billion roubles to increase its charter capital by issuing additional shares. The Government has already signed a relevant decree.”

Vladimir Putin
Meeting with top managers of Russia’s MiG Aircraft Corporation, Moscow, 11 February 2009
11 february
2009
Targeted Support for the Economy 197

“The company (MiG)has been awarded a state contract worth 17.3 billion roubles. As was just discussed, the Defence Ministry will pay 11 billion roubles in the first quarter. At the same time, we hope that the company will itself make a serious effort to improve its financial condition by streamlining spending, reducing costs, refinancing debts (I rely very much on the understanding of financial institutions), finding more effective forms of production cooperation, and begin reorganising the system of management and post-sales support.”

Vladimir Putin
Meeting with top managers of Russia’s MiG Aircraft Corporation, Moscow, 11 February 2009
11 february
2009
Targeted Support for the Economy 197

“Since 2001, federal budget appropriations on civilian science have grown from 23 billion to 149 billion roubles - that is, more than six-fold. We have adopted a plan for the scientific and technical development and modernisation of the domestic economy for 2008-2010.”

Vladimir Putin
Meeting of the Council of Chief Designers, Moscow, 11 February 2009
10 february
2009
Targeted Support for the Economy 197

"The Governor asked for more than 600 million roubles from the federal budget. During all this time, different departments held consultations, and the final decision will be as follows: We will help him get these 620 million roubles, out of which 310 million will be subsidised, and another 310 million will be loaned to the Samara Region."

Vladimir Putin
Meeting to support AvtoVAZ’s social facilities, Moscow, 10 February 2009
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