MOSCOW, January 27. / TASS /. Russian President Vladimir Putin will bring together Cabinet to decide how to support during the crisis, some domestic industries.
According to the Kremlin press service, “as the core at the meeting will consider the implementation of measures to support individual industries economy, such as transport engineering, housing, automobile and light industry. ” In his message to the Federal Assembly in December 2015, Putin noted that some sectors of the Russian economy – the construction, automotive, light industry and railway engineering – have been at risk.
Now the government is finalizing an updated crisis management plan, taking into account the declining oil prices . On Monday, Prime Minister Dmitry Medvedev instructed subordinates to prepare a document before February 1. According to him, in terms of “it is important to consolidate the positive changes that have been in the economy achieved in the past year, to maintain funding for priority sectors, which subsequently must be the basis for economic growth, to concentrate state resources in those sectors where there is a high potential from the standpoint of impact on the economy as a whole, and import substitution. ” Among these industries, he called the auto industry and agricultural machinery.
Deputy Prime Minister Arkady Dvorkovich told reporters Tuesday that the provisional amount of the maintenance of the priority sectors of the economy in 2016 is estimated at 100 billion rubles. “We’ve already talked about what the industry will be the focus for the government support this year in addition to what we have done before. It is the automotive industry, transport machinery, light industry and construction. So far, the total amount is estimated by the government at 100 billion rubles. “- said Dvorkovich. According to him, certain industries – this is not the final list of state programs. So, traditionally state support enjoyed agriculture, gave the example of vice-premier.
In addition, the list of orders Putin to implement the points of the Message says that the government has until March 31 to provide additional capitalization of the Development Fund of Industry in 2016 20 billion rubles. “To ensure the capitalization of the Fund of industrial development in the amount of 20 billion rubles from the funds provided for in the federal budget for 2016 for the implementation of additional measures to support sectors of the economy”, – the document says.
Development Fund industry offers preferential terms financing projects in the field of industry (loans at a rate of 5% per annum for up to 7 years in the amount of 50 million to 700 million) for the development of competitive new production.
On Tuesday, meeting with Economic Development Minister Alexei Ulyukaev, President said that in Russia there are conditions to this year already started rectifying the situation in the economy. According to him, “a combination of the budget deficit, which was less than expected, the presence of good reserves, low debt – all this creates favorable conditions to expect to improve the situation in the current year.” Ulyukayev confirmed that the reserves of the Bank of Russia remained at a high level. “All of this creates an environment of macroeconomic stability, which to properly evaluate all market participants”, – the minister said. He also believes that the deepest part of the crisis has been passed by the end of the second quarter of last year, after which there has been a movement in the positive direction.
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