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.”
“In a dialogue with other sister churches, the Russian Orthodox Church has always upheld, and I hope will continue to uphold, the national and spiritual identity of the Russian people. We very much hope that this process will continue.”
“The Russian Orthodox Church has always supported multi-polar views in Russia, and always facilitated the formation of a multi-ethnic and multi-religious state. We are hoping that it will continue doing so in the future.”
“I hope very much that various agreements reached during your visit will be implemented in the near future. I am speaking of credit and financial agreements and those in the sphere of industrial production. This includes hydrocarbons, telecommunications, GLONASS, shipbuilding and engineering. We are very happy to have reached all these agreements.”
“You know how considerate we are of the environment. Our Olympic blueprints are ecologically sound. The Russian Government has adopted an ad hoc programme for the environmental aspects of preparations for the 2014 Olympics. On expert insistence, we have shifted the sites of three key Olympic projects from the buffer zone of the Caucasian Biosphere Reserve. Everything has been coordinated on the whole, as far as I know.”
“I want to stress that, despite global financial and economic problems that are also affecting Russia, whatever concerns the Olympic project in the broad sense is protected by relevant budget items with guaranteed funding. None of the Russian and foreign investors-we have foreign investors, too-have given up initial intentions, mainly due to the high investment potential of the Russian south, particularly the Krasnodar Territory. Federal budget allocations to related purposes amounted to 113 billion roubles in 2008, plus an additional 127 billion in 2009. As you know, we have adopted a three-year budget and necessary sums are earmarked for every subsequent period.”
“This work is among our top priorities not only because it is preparation for Olympics but also because it is a comprehensive plan for the development of southern Russia, so Olympic and developmental goals fully coincide in this sense.”
“We are paying special attention to human rights in the context of our Olympic efforts. Proprietors are entitled to compensation for their land in keeping with market prices. We have determined to offer them a choice between ready housing, new land plots, or monetary compensation, and have amended the Olympic Law accordingly.”
“There are 20, even 21, ongoing projects, and they will be ready for test competitions by 2012. We finished the initial start-up complex of the railway freight yard last year to accept up to 5 millions tonnes a year of construction materials and equipment. Another start-up complex, for an annual 14 millions tonnes, will be ready this year. We will soon start work at the Sochi cargo seaport, which means we will be ready with practically the entire logistic infrastructure for mass-scale construction.”
“Last year the trade turnover between our countries reached a record level of $34 billion. In the future, too, we need to make the most effective use of the advantages of our integration to create new jobs and expand markets for our industrial products.”
“We agreed to accelerate transferring $1 billion, the second tranche of the loan Russia is giving Belarus.”
