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

Point of View

21 january
2009
Targeted Support for the Economy 197

“An additional 83 billion roubles have been allocated for the purchase of 40,000 standard flats. They will be used to resolve the housing problems of army servicemen, as well as citizens living in dilapidated buildings. We will purchase the housing at its real price.”

Vladimir Putin
Conference on economic issues, Moscow, 21 January 2009
21 january
2009
Targeted Support for the Economy 197

“Starting this year, the tax break for citizens that are purchasing or building housing has been doubled to reach two million roubles. In other words, they will be able to save on the income tax up to 260,000 roubles, compared with 130,000 roubles, as was the case in the past. This norm will be retroactive and will apply to the families that bought housing last year. It has also become possible to use maternity capital for mortgage payments after the birth of the second child. We remember lengthy debates on whether this money will be paid to citizens at all. This year, people should start receiving this money, and not waiting until a child is three years old, but from the birth of the second child.”

Vladimir Putin
Conference on economic issues, Moscow, 21 January 2009
21 january
2009
Targeted Support for the Economy 197

“The borrowers that have become temporarily unable to pay mortgage interest rates due to the loss of a job or cuts in incomes will be offered special refinancing programmes, and a chance to pay in installments. The federal mortgage agency will also provide funds for this purpose.”

Vladimir Putin
Conference on economic issues, Moscow, 21 January 2009
21 january
2009
Targeted Support for the Economy 197

“In the building industry, the common logic of anti-crisis measures is to support the demand for housing and prevent the curtailment of construction projects. The majority of the adopted measures are oriented to directly help citizens and sustain the demand.”

Vladimir Putin
Conference on economic issues, Moscow, 21 January 2009
21 january
2009
Targeted Support for the Economy 197

“The charter capital of the Russian mortgage agency (AIZhK) was increased by 60 billion roubles, which has allowed the banks to continue implementing mortgage programmes.”

Vladimir Putin
Conference on economic issues, Moscow, 21 January 2009
15 january
2009
Targeted Support for the Economy 197

“The Finance Ministry and other colleagues have also backed the decision on the payment of dividends. They should be primarily channelled into investment.”

Vladimir Putin
Conference on measures of Government support for the military-industrial complex, Moscow, 15 January 2009
15 january
2009
Targeted Support for the Economy 197

“As you know, in the last few months commercial banks have received substantial additional funds from the National Prosperity Fund and from the Central Bank. It is important to analyse whether this liquidity reaches companies, and whether the military-industrial complex is content with the terms of loans offered by banks.”

Vladimir Putin
Conference on measures of Government support for the military-industrial complex, Moscow, 15 January 2009
15 january
2009
Targeted Support for the Economy 197

“Despite all the existing problems, it is essential that we continue implementing the programme for the technical re-equipment of defence companies and for the production of modern military hardware. We understand that under the circumstances, defence companies find it hard to allocate funds for development purposes, at least, on the scale that was planned before. Therefore, it is necessary to streamline federal defence-oriented programmes, and use the funds thus saved for the completion of the projects which are critical for improving the technological level of the national military-industrial complex.”

Vladimir Putin
Conference on measures of Government support for the military-industrial complex, Moscow, 15 January 2009
15 january
2009
Targeted Support for the Economy 197

“These measures subsidise interest rates. Allow me to recall what we have agreed on. The companies in the military-industrial complex involved in carrying out state defence orders will receive subsidies from the federal budget to make up for part of the expenses on interest rates on loans received in Russian lending organisations. Second, they will get subsidies to compensate for the part of their expenses on profile industrial activities, which would prevent their economic collapse and bankruptcy. In 2009, the companies involved in fulfilling state defence orders will receive state guarantees on loans.”

Vladimir Putin
Conference on measures of Government support for the military-industrial complex, Moscow, 15 January 2009
15 january
2009
Targeted Support for the Economy 197

“When we develop measures to support the military-industrial complex, we proceed from its special significance for Russian security and for the technological development of our economy and industry. In the last few years we have seen a marked increase in the supply of our armed forces with new weapons, special military equipment, spare parts and other essential hardware. We have far-reaching plans for re-equipping the army for the future. More than one trillion roubles have been allocated for this purpose just for 2009. The overall expenses for this purpose will total about four trillion roubles by 2011.”

Vladimir Putin
Conference on measures of Government support for the military-industrial complex, Moscow, 15 January 2009
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