Friday, June 19, 2015

President Vladimir Putin speaks at the International Economic Forum in St. Petersburg – Channel One

Please note press and experts now riveted to St. Petersburg, where the key event of the International Economic Forum. At the plenary session in favor Vladimir Putin.

Please note press and experts now riveted to St. Petersburg, where the key event of the International Economic Forum. At the plenary session in favor Vladimir Putin.

The content of his speech until recently kept secret, but it was known that there will be identified the main vectors of development of the national economy in terms of sanctions and the overall tension in the world. Expected, and comments on major political issues, which are now concerned not only Russians.

Please note press and experts now riveted to St. Petersburg, where the key event of the International Economic Forum. At the plenary session in favor Vladimir Putin.

The content of his speech until recently kept secret, but it was known that there will be identified the main vectors of development of the national economy in terms of sanctions and the overall tension in the world. Expected, and comments on major political issues, which are now concerned not only Russians.

The plenary session of the forum – its key event – started about a half hour ago. The crowd now stands head of state. At the meeting were also present leaders of the world’s largest companies and corporations, representatives of investment funds, members of the Russian government officials, regional governors.

In his speech, Putin said that the businessmen met a year ago, and during this time the situation has changed. Russia is limited in the ways of entering the capital market, consumer demand fell, but at the same time, a significant crisis did not happen.

“We predicted a deep crisis, but this did not happen. We have stabilized the situation, put out negative vibrations conditions and confidently go through a period of difficulties, primarily because Russia’s economy has accumulated a sufficient stock of inner strength. We maintain a positive trade balance, increasing non-oil exports. The physical volume of non-oil exports in the first quarter of 2015 increased by 17%. Exports of products with a high degree of processing in the first quarter amounted to nearly $ 7 billion. We have maintained control of inflation. Yes, she jumped from the devaluation rubles, but now this trend is declining. We have a stable budget, our financial and banking system to adapt to new conditions. It was possible to stabilize the exchange rate, to maintain reserves. But we did not resort to any measures restricting the free movement of capital as well, as in 2009, “- he said.

In April, inflation rose, Putin said, but only by half a percentage point. And this is not essential, he said. He also stressed that the domestic market managed to avoid a serious crisis. In particular, it managed to avoid job losses and to keep employment at a high level.

“We have not made the jump in unemployment. Now it is 5.8% of the economically active population. Let me remind you that during the crisis of 2008-2009 it rose to the level of 8.3%. The introduction of the so-called sanctions pushed us to ensure that substantially speed up work on import substitution. In a number of areas we have made significant steps and achieved significant results. The enormous potential – our machine building, petrochemicals, light industry and processing industry, pharmaceuticals, some other sectors. A visible example of the achievements of our agricultural sector “- he recalled Vladimir Putin.

The President also mentioned the need to support domestic enterprises, that is, those companies that are registered in Russia, to the Russian businessmen were just kind of engine of growth for the entire economy. To do this, of course, should pay special attention to small and medium businesses.

“At the suggestion of the business community to create a corporation for the development of small and medium-sized businesses. Business is able to receive the necessary financial, legal, methodological support, including help with access to public procurement and the procurement of state-owned companies. In fact, We consolidate mechanisms to support small and medium-sized businesses, and we expect that it will bring weighty, significant impact, “- said the President.

Now the session continues. The project is estimated the press, hour and a half.

Alex Korepanov

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