Photo: TASS
Russian President Vladimir Putin, during a speech at an investment forum “Russia Calling”, said the Russian authorities not plan to introduce any foreign exchange restrictions or restrictions on the movement of capital.
«We have no plans to introduce any restrictions or exchange on the movement of capital”, – said Putin. In his view the central bank will be able to cope with the stability of the national currency without additional measures. “At the Bank of Russia enough instruments to ensure financial stability. I should add that the transition of the Bank of Russia to a floating exchange rate does not mean a complete rejection of foreign exchange intervention, “- said the president of Russia.
According to Putin, Russia has a number of very strong factors that provide stability. “Despite the negative external factors, a budget surplus of over 900 billion rubles – a budget surplus, which is twice higher than in the previous period of the same year,” – he stressed. The reserve fund exceeds 9% of Russia’s GDP and the inflation rate for the year to 8% 7.5-7.6. “It’s really more than last year. In 2013, it was 6.5%. The reason is understandable – in rising prices for some food products “, – Putin said.
He also said the immutability of Russia’s economic policy based on market principles,” This strategic direction remains unchanged. At the heart of our activities will be as before prudent macroeconomic policies “, – Putin said.
The main challenges facing the economy, he said – is the growth of the economy, industry and upgrade infrastructure, improve the quality of life of citizens of the Russian Federation.
The President stressed that he hoped that the State Duma in the fall and spring session will take the remainder of the package of laws to improve the business climate. “We did not increase the tax burden on business. We have made no secret of these discussions, but decided to give it up, “- said the president of Russia.
« We sincerely wish to build an open world for a strong and prosperous country “, – said Putin. A key way to do this – to make the industrial breakthrough, added the President of Russia. “Our task – in the coming years to implement this industrial spurt, create strong national companies in manufacturing sectors that can produce competitive products”, – he said.
According to him, the state is going to support the sectors and companies that became subject to sanctions, including, and will participate in the increase in banks’ capital.
Some prospects, according to Putin, open to Russia, in cooperation with the BRICS countries, China and the Eurasian Union. Calculations with these countries, Russia will try to keep in rubles. “In the future we intend to make active use of national currencies in trade in energy resources, in the implementation of other foreign trade transactions with China as well as with other countries”, – Putin said. In his opinion, the use of national currencies is a mechanism to reduce the risks and opportunities for the participants of economic life.
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