Friday, June 19, 2015

Petersburg Putin’s speech reassured the business – RBC

In his speech at SPIEF 2015 President Vladimir Putin said that predictions of a deep economic crisis in Russia will not come true. According to him, the economy has a large margin of safety. “At the end of last year we predicted a deep economic crisis. That did not happen. We have stabilized the situation, put out negative vibrations conditions and confidently go through the period of difficulties “, – said the head of state.

Putin also told how overcomes the effects of the sanctions. “Once again I repeat: in the external constraints, we are not responsible of a closed economy, the expansion of freedom we respond, increase the openness of Russia”, – he stressed. The President also confirmed the commitment to import substitution, which was taken after the imposition of sanctions the West.

RBC asked politicians and businessmen attending the forum to share their impressions of the speech of Vladimir Putin.

According to Minister of Economic Development Alexei Ulyukayev said in a speech the president was given a response to the challenges faced by the Russian – is the need to support small businesses, support for exports, diversification of the economy. “I, frankly, not too believe that [the crisis] at all was. Statistically we will have two months reduction [of the economy], but the most risky part we certainly have been, “- he said.

Chairman of the Board of Directors of the group of companies” Renova “Viktor Vekselberg said that the main message to business is that the acute phase of the crisis passed. “We heard that a state of crisis that exists, it is not critical and the government is confident that we will soon come out of it” – said Vekselberg. According to him, perhaps before the president’s speech was more specific and more aggressive. “But, apparently, the situation is that we must be more flexible,” – he said.

According to the chairman of the board of directors of the “Mother and Child” Mark Kurtser, his business was not recession, so the main message he heard in the speech of the president, were promises not to raise taxes. “It is very important that sounded – four years of the moratorium on tax changes. Furthermore, there are money for reforms, support for import substitution “- says the businessman. According to him, Putin’s speech made a favorable impression on him.

Vyugin, chairman of MDM Bank, said that the speech was the main idea is that we are finally going to deal with the economy, not politics. “With the view that the crisis is passed, you can agree or disagree depending on what is meant by the crisis. The major crises began devaluation, rising interest rates and a reduction in wealth. Now the economy has adapted to the new conditions. Yes, there is a reduction in oil revenues, capital markets abroad are closed, we bedneem, and this will continue for several years. You can call it a crisis, you can – adapt to new conditions, “- says Vjugin.

Michael Abizov, head of” open government “, he heard three major promise in the speech of the president:” The first – was given the task to improve the quality public administration. This is extremely important because it affects the economy and the social sphere state system work. The second focus was on the development of investment and the creation of conditions for a favorable investment climate, problems have been identified for work at the regional level with investors. The third direction – is the priority innovations that Putin outlined as a key vector of development. It is very reasonable and correct guidelines for the work of the government, on the basis of the previously stated long-term goals ».

Alexander Afanasiev, chairman of the Moscow Stock Exchange, said that the most interesting thing on the forum, and in Putin’s speech – is that all have talked a lot about the reforms. “I heard that the president is committed to open markets, and this is important. I do not think that Putin or anyone else seriously believe that the crisis has passed. This is a complex term, the crisis is usually called a sharp decline, then stagnation starts, but the end of the crisis can be called only the growth, not reducing, but fundamental. Nobody talked about what we have in the economy begins a rapid growth, therefore, no one said that the crisis has passed. According to many, the acute phase has passed, I am not a macroeconomist and do not want to talk about it, but the crisis has not left anywhere, “- said Afanasiev.

Olivier Sharma, President, CEO of Sanofi Pasteur, heard words of encouragement for the business. “He is very determined to, he wants to be sure that Russia will continue to develop. The president tried to reassure both Russian business and foreigners, which aims to continue to invest. I think it was a very good performance, very realistic. Everyone knows that Russia now has some problems, but overall the message boiled down to the fact that the situation will improve, and all businessmen to work together “, – said Charmey.

According to a member of the Board of Directors of” Ilim “Boris Zingarevich, the stagnation continues, and the president’s speech, he called predictable in terms of the vision of future events, tasks, and foreign political situation of Russia’s actions. “We do not change its course, try to avoid a negative scenario and all to this call. Estimates of the economic situation made at the comparison. When compared to the shock that we experienced at the end of last year, but now the situation is better. In terms of the future prospects very much depend on what specific solutions are not, and action will be taken. We in the anti-crisis program of the government they are designated. It requires concrete steps for implementation. This part is very difficult to predict anything. The notion that the acute phase is passed, I do not fully understand for, say, of the country. What is considered the acute phase? The sharp depreciation of the ruble? 90% of the population is of little concern. People who live in rubles, – for them it is “information from the TV.” From the perspective of the banks, in terms of the macroeconomic situation is nothing changes. We continue to stagnate. When we say that the acute phase is passed, we mean that the rate of fall is reduced. But the word “decline” is maintained. This is the most important thing “- summed up Zingarevich.

Alexander Zhukov, Deputy Chairman of the State Duma, said in a statement the president’s speech that Russia will remain an open country. “I heard that Russia is an open country. The rest is all about politics. The economic part was big enough – assessment of the situation, a way out of the crisis. On the political side, there were answers to questions rather detailed. The President said quite clearly that we do not change course, and Russia will open country, aimed at cooperation in economy and politics, where this is possible, “- said Zhukov.

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