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
“Support from Russian citizens has always helped us, and I’m confident that the government’s future line-up will rely on the people. We must never forget about the needs of ordinary people. We must always remember how government-level decisions influence the lives of all ordinary Russian citizens.”
"In order to move forward we must clean up the economy of hopelessly outdated and wasteful production facilities, identify and support a genuinely competitive nucleus in the real sector of the economy. We have such a nucleus."
"Of course, 14.5% - an average interest rate on mortgage loans - is too high for many people. Incomes in Russia are not high enough to meet these loan requirements. For mortgage to become affordable for a broad range of people, we should lower the interest rate to 10%-11%."
"You know that pension funds are used in all countries as an instrument and a source of long-term loans, which is crucial for mortgage lending. Given the volume of saving, including the funds managed by Vnesheconombank, we could think about using these instruments in Russia, although very carefully and with maximum guarantees. VEB is currently managing 690 billion roubles ($24 billion) of pension accruals. A month ago, the Government approved a new strategy for investing pension accruals managed by VEB. Up to 20% of these funds, or some 100 billion roubles ($3.5 billion), can be invested in mortgage bonds of Russian banks."
"Since the beginning of the crisis, we have allocated ample funds to the defence industry, one of the government's top priorities for support. In 2009, the defence industry received a total of 970 billion roubles, an unprecedented sum in the history of modern Russia."
"The defence industry has grown by 3.8% since the beginning of this year. this was made possible because the Government properly honoured its commitments, primarily its contracts to purchase weapons. I would like to remind you that according to our plans, the share of cutting-edge weapons and equipment in the military must be significantly increased, reaching 70-80% by 2020."
"You [ the Russian Geographical Society] can do much to teach the younger generation to protect and respect Nature and Russia's cultural and historical heritage. The experience and knowledge of geographers can be used to draft educational programmes and to help youth associations."
"We have made the first steps to the so-called green economy and sustained development. We have formulated strict energy efficiency guidelines. The government's development guidelines until 2012 and for the period until 2020 stipulate a series of nature protection and other environmental initiatives. Our goal is to fight pollution, rehabilitate land, and protect water and forest resources."
"Support must be provided primarily to well established and competitive companies as a part of anti-recessionary measures and other government support programmes. We should avoid keeping inefficient production facilities afloat at all costs. It is necessary to prevent companies in this industry from taking advantage of their position as a monopoly as early as possible. This applies mainly to production facilities that became infrastructure monopolies back in the Soviet times and then developing as integrated production facilities."
"However, the Russian petrochemical industry has one great competitive advantage: It has a unique resource base. Russian and foreign investors see significant potential in the industry. Modernising it will not require massive government support. It is true that infrastructure support and legal maintenance are required, with state guarantees sometimes needed as well. But these are cost-effective measures, and it is easy to find financial resources in the market."
