Putin’s speech at the SPIEF: exit from the crisis, inflation and the development of the Russian economy – RIA Novosti

The Russian president during a speech at the plenary session of the St. Petersburg International Economic Forum, commented on the situation on the currency market and announced the main objectives of the country.

The Russian president began in a plenary address SPIEF a statement that the authorities managed to extinguish the negative vibrations situation and get out of the crisis predicted.

“At the end of last year we predicted, and you know it well, a deep crisis. This did not happen. We have to stabilize the situation, put out negative fluctuations conjuncture and confidently go through the period of difficulties primarily because Russia’s economy has accumulated a sufficient stock of inner strength, “- Putin said.

The Russian president noted that consumer demand, which was one of the drivers of economic growth, is already beginning to recover.

“With many of you, we met a year ago. During this period, a situation in which the developing world, and the Russian economy has changed – and in some areas has seriously changed. We also have limited access to the global capital market, should be added to this fall in prices of our main export products “, – Putin said, welcoming the participants of the St. Petersburg Economic Forum.

Putin said that the attitude of the authorities is to create the most free, predictable, favorable conditions and opportunities for investors to invest in Russia was profitable, President Vladimir Putin said.

Speaking of sanctions, the leader of the country said that is unacceptable to talk with the Russian Federation on language of ultimatum, and the United States should allow the RF itself define their interests and needs.

The St. Petersburg International Economic Forum (SPIEF) is held in St. Petersburg from 18 to 20 June under the theme “Time to Act: joint efforts for stability and growth! “The event confirmed more than 1,600 business representatives from Russia and 65 countries, including the United States, France, Switzerland, Japan, UK, Germany, Finland and China.