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
“We will allow airlines, first, to buy such aircraft as our industry will not produce and, second, to lease the aircraft our industry plans to manufacture. We will lease foreign-made aircraft and will return them as soon as we start producing the aircraft of the same quality, noise and fuel standards.”
“The overall cost of the project discussed here, the YaMZ-530, is 13.4 billion roubles. In effect, this amounts to the construction of a new modern plant that will produce next-generation engines. The project's implementation will create 1,200 jobs in the Yaroslavl Region.”
“A package of measures has been drafted to support Saturn. First, its debts will be refinanced. Our Foreign Trade Bank will spend about 10 billion roubles to this end. Second, the Rosnanotekh Corporation (a state-run nanotechnology corporation) is prepared to implement together with Saturn a project to produce modern nanomaterials and products that incorporate them. The total investment will be one billion roubles, half of which will be contributed by Rosnanotekh. Finally, we should secure the sales of Saturn's produce to its key customers - the Defence Ministry, airline companies, the United Aircraft Building Corporation, the power industry, and Gazprom.”
"Obviously, it will be very difficult, if not impossible, to resolve these problems without the state's participation. It is also important for public companies with experience in high-tech machine building to increase their contribution to Saturn's development. In this context, the owners have agreed to sell almost all shares of the enterprise to the Oboronprom State Corporation. Packages of shares of the private owners will be purchased on a commercial basis, and at market prices."
“In the past, oil revenues were a great help for our budget. Now the industry itself needs additional funds to develop advanced processing and other projects. We will give our fuel-and-industry sector the required support. Thus, export duties will be reduced and their calculation will become more flexible, which will make it possible to react to global price fluctuations in a timely manner. Starting January 1 of the next year, the rate of severance tax will be cut, and tax breaks introduced for the development of new deposits - on the Yamal peninsula, in the Nenets Autonomous Region, in the Caspian Sea, and in the Arctic shelf. Oil companies have been allowed a more liberal use of the mechanism of accelerated depreciation.”
“The world economic crisis should not interfere with the implementation of our defence programmes. We should not forget that defence industries have a long development cycle, and limited sources of funding. Therefore, I suggest increasing refinancing and investment into the capital for the defence industry. I also propose allocating funds in 2008-1009 to prevent defence plants from going bankrupt. The total sum of additional funds earmarked for these purposes is over 50 billion roubles.”
“Russian companies have the right to issue infrastructure bonds, but this right is practically unused. For this reason, we have decided to allow companies to issue infrastructure bonds under the guarantees of the Russian Federation or the VEB to fund the construction of important, major projects.”
