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.”
“The capital of state-owned banks will also be increased. Needless to say, here the state can take part in first level capital, that is, increase its presence in these banks. We are planning to invest 200 billion roubles in the VTB and 100 billion roubles in Vneshekonombank, plus, possibly, a 100 billion subordinated loan. Sberbank will not be neglected, either, if it needs more money. This task will be carried out by the Central Bank”
"Under the law and memo on fiscal policy, one of the priority tasks of the Bank of Development is to support small and medium-size business. This primarily applies to companies that are operating in production, introducing new technologies, and creating jobs. As we understand, this is particularly urgent today."
“In the next few months, the state will considerably increase the share of its participation in the banking capital of the second level. This primarily applies to private commercial banks. I'd like to stress once again that I'm talking about the second level, that is, so-called subordinated loans. They are given for a long term and cannot be recalled ahead of time. For this reason, banks register them as their capital. However, creditors do not have the right to take part in administering banks; the ownership of banks does not change, either.”
“We consider it inexpedient for the state to invest directly into private banks of the first level. In other words, we do not want to buy shares of private banks. First, responsibility for these banks should rest with their current owners; they should not seek shelter behind the state. This is not the case. Second, the state's participation in banks' capital of first level may violate the rights of minority shareholders, which is also inadmissible”.
“We will use the following mechanism for granting subordinated loans. An additional 100 billion roubles will be earmarked, apart from the already allotted 225 billion roubles, for this purpose. To receive subordinated loans, the shareholders of commercial banks should increase their capital themselves. For each rouble of additional capitalisation, commercial banks will receive one rouble of a subordinated loan.”
“We have promised that no matter how difficult it may get, we won't apply shock therapy. I believe that these measures have primarily helped the country to avoid a crisis shock.”
“It is important to realize that tense competition for investment will unfold during post-crisis recovery. Our task is to actively create the best possible environment for this investment in our economy.”
“We have already developed a good working relationship in this sphere. We are ready to switch from the implementation of individual projects, which we have carried out successfully, to full-scale partnership between Siemens and our company, Rosatom. We could actively work both in Russia and Germany, and in the markets of other countries.”
“The Church has always been very loyal to all citizens of the country regardless of their ethnic origin or religion. It has always promoted peace between different religions in Russia, thereby consolidating the country.”
