Regarding ways out of the current situation, Putin do not intend to use either what Alexei Kudrin is proposing, or any agreements with Saudi Arabia as a foundation. In this respect, Russia should be guided by the anti-crisis plan of the Russian Government and make sure that it is implemented. Russian President said this on April, 14, during the Direct Line.
Regarding ways out of the current situation, Putin do not intend to use either what Alexei Kudrin is proposing, or any agreements with Saudi Arabia as a foundation. In this respect, Russia should be guided by the anti-crisis plan of the Russian Government and make sure that it is implemented. Russian President said this on April, 14, during the Direct Line.
«When it comes to dealing with the situation in which Russia has found itself, which is by the way also true for many other countries, especially the developing economies, two or three areas should always be prioritised. What are these areas? Attracting investment, raising the purchasing power, which means increasing demand, and enhancing economic and governance efficiency. For that, we need to support specific industries that are facing hardships. This goes for the automobile industry, processing, agriculture should be on this list anyway, which is due to sanctions and retaliatory measures, as well as a number of other industries. They are all mentioned in the Government plan.
There is no doubt whatsoever that we need to ensure and increase the demand. How? We need to assist people in difficult straits. We also need to boost industrial demand through targeted support measures that I have mentioned, including, by the way, the construction industry, despite the fact that 85 million square metres of real estate were built last year, as I have mentioned. We need to continue to balance macroeconomic and budget policies, keeping the budget deficit within 3 percent and giving more political and economic freedoms to businesses, as well as improve the business climate. These are the five key areas that we must and will work on. It is on these areas that we should base our efforts to foster economic development. We need to put the country back on the track of steady economic growth. We can and will do it based on the Government’s anti-crisis plan», Putin stressed.
