UPDATE: Putin says Russia achieves macroeconomic stability - News Archive - PRIME Business News Agency - All News Politics Economy Business Wire Financial Wire Oil Gas Chemical Industry Power Industry Metals Mining Pulp Paper Agro Commodities Transport Automobile Construction Real Estate Telecommunications Engineering Hi-Tech Consumer Goods Retail Calendar Our Features Interviews Opinions Press Releases

UPDATE: Putin says Russia achieves macroeconomic stability

(Adds comments after third paragraph)

ST. PETERSBURG, May 25 (PRIME) -- Russia has achieved macroeconomic stability despite external challenges, which is important for investors, President Vladimir Putin said Friday at the St. Petersburg International Economic Forum.

УDespite all turbulent processes, after all, everyone already knows it well, we achieved macroeconomic stability, which is important for investors,Ф Putin said.

Putin also said that Russia expects that French companies will develop in the country and receive profit.

The president called for fighting economic separatism in the world.

УIt is absolutely clear that we have to work on the capacity of own markets, it is necessary to develop cooperation, integration, we need to resist the closure of markets, because any kind of economic separatism in this sense, does not lead to anything good,Ф Putin said.

Russia will continue to provide incentives and financial aid to projects which it believes to be important, Putin also said.

УAnd finally direct financial support and incentives to those projects which we believe to be nationally important. All this will be done,Ф he said.

The Russian government will reduce administrative pressure on business, Putin said.

УWe will reduce administrative barriers and administrative pressure on business. We have what to work on, actually, this is not only our problem Ц in many countries of the world, I know, business faces it.Ф

The government is currently preparing some tax changes which will stay in force during six years once being introduced, Putin also said.

Russia will not halt gas transit through Ukraine if it is economically feasible, the president also said.

УIТve already said and want to repeat once again: we do not plan to close transit through Ukraine if it is economically feasible. We are ready for talks with our Ukrainian partners,Ф Putin said.

Russian pipeline systems do not have competition on the European market in terms of gas price for consumers, Putin said.

УAll our pipeline systems connected with main consumers in Europe almost do not have competitors. Of course, only if Europe seeks to remain competitive and does not want to buy from other producers at excessive prices.Ф

Russia is ready to expand the list of participants of the Nord Stream-2 gas pipeline project by adding more European companies.

УFrench company Engie participates in the Nord Stream-2. We will welcome other participants, including Total. We can expand this list by adding other European companies, because this project is in fact all-European,Ф Putin said.

Russia will think over liberalization of the current system of access to gas exports to Europe, Putin said.

УWe will of course think over liberalization. At present, five European companies take part in the Nord Stream-2 project. If Total becomes the sixth Ц this is direct participation in transportation. But we can talk about it, discuss. This will be done sooner or later,Ф he said.


25.05.2018 15:08
Share |
To report an error select text and press Ctrl+Enter
Central Bank Official Rate
1W 1M 1Y
EUR 79.5181 +0.3280 03 jul
USD 70.5198 +0.0785 03 jul
Stock Market Indices
1D 1W 1M 1Y
rtsi 1248.28 +2.94 18:50 02 jul
micex 2788.79 +1.66 18:50 02 jul
Stock Quotes in RUR
1D 1W 1M 1Y
gazp 195.35 +0.54 19:11 02 jul
lkoh 5411.00 +1.84 19:11 02 jul
rosn 366.15 +1.20 19:11 02 jul
sber 209.69 +3.18 19:11 02 jul
MICEX Ruble Trading
1D 1W 1M 1Y
EURTD 79.3550 -0.1975 14:59 02 jul
USDTD 70.3375 -0.8950 17:44 02 jul