“Without Russia's contribution, prices would rise even more. Some members of the EU meet 90% of their demands for gas with the help of Russian hydrocarbons and have no complaints so far. Everybody is happy. Russia is a reliable partner and has never failed her partners in Europe, even in the hardest times of its economic development.” HelpingEconomicDevelopmentDemandMembersEuropePartnersRussiaHardestContributionGasComplaintsEconomic DevelopmentHardest TimesHydrocarbons Author:Vladimir Putin
“I have to say that oil and gas revenues make up a large part of the Russian budget revenue. This is a serious component for us in addressing economic development, budget funding for our development programmes and, of course, and meeting of our social commitments to our citizens.” CoursesSocialEconomicSeriousDevelopmentCitizensCommitmentMeetingsOilBudgetsGasComponentsRevenueFundingProgrammesEconomic DevelopmentOil And Gas Author:Vladimir Putin
“One must not allow oneself to skid down to isolationism and unbridled economic egoism. ... The second possible mistake would be excessive interference into the economic life of the country. And the absolute faith into the all-mightiness of the state.” CountryStatesWould BeMistakeResponsibilityHistoryPowerEconomicHonestyCapitalismEconomicsAbsolutesOneselfDebtSocialismTaxationEgoismInterferenceIsolationism Author:Vladimir Putin
“I believe that the 21st century economy is an economy of people, not of factories. The intellectual factor has become increasingly important in the economy, which is why we are planning to focus on providing additional opportunities for people to realise their potential.” PeopleThinkingOpportunityResponsibilityHistoryPowerEconomyPlansEconomicCenturyHonestyDevelopmentCreatingIntellectualAspectEconomicsDebtSocialismRealisingFactories21st CenturyTaxationEconomic Development Author:Vladimir Putin
“Frankly speaking, we all know that provoking military and political instability, regional, and other conflicts is a helpful means of distracting the public from growing domestic social and economic problems in certain countries. Such attempts cannot be ruled out, unfortunately.” PeopleWayKindProblemPoliticalPoliticsSocialAttentionResponsibilityHistoryPowerEconomicMilitaryHonestyConflictEconomicsDebtSocialismFrankProvokingTaxationConvenientInstabilityEconomic ProblemsDeflectingPolitical Instability Author:Vladimir Putin
“We have spoken on many occasions of the need to achieve high economic growth as an absolute priority for our country. The annual address for 2003 set for the first time the goal of doubling gross domestic product within a decade.” NeedsFirstsCountryGoalGrowthEconomicAchieveProductsFirst TimeAbsolutesDecadesPrioritiesOur CountryOccasionsAddressesGrossEconomic GrowthAnnualsGross Domestic Product Author:Vladimir Putin
“Kiev's attempts to exert economic pressure on Donbas (region of east Ukraine) and disrupt its daily life only aggravates the situation. This is a dead-end track, fraught with a big catastrophe.” LifeEndsBigsSituationEconomicPressureTrackEastRegionsDaily LifeCatastropheUkraineDead EndsKiev Author:Vladimir Putin
“It is a major world power, and today it is an economic and military leader - no doubt about it. That is why America has a strong influence on the situation in the world in general.” WorldTodayAmericaStrongSituationLeaderDoubtInfluenceEconomicMilitaryMajorsNo DoubtMilitary LeaderWorld Power Author:Vladimir Putin
“The natural economic, humanitarian and social integration, do not require any armed forces.” ForceSocialNaturalEconomicHumanitarianIntegrationArmed Forces Author:Vladimir Putin
“We have established the Customs Union and the Eurasian Economic Union not by force, but through a compromise. It was a challenging, complicated, multi-year process based on agreement, compromise and mutually acceptable conditions in the hope of creating for our economies and for our people better competitive advantages in the world markets and in the world as a whole.” PeopleWorldYearsWholeForceProcessChallengesEconomyEconomicConditionsCreatingAdvantageUnionsComplicatedCompromiseAgreementCustomsAcceptableCompetitive Advantage Author:Vladimir Putin
“Russia itself is a European country, and not just because our major political and economic centres are in Europe, but because Russian culture is primarily European culture.” CountryPoliticalCultureEconomicMajorsEuropeRussiaCentreEuropean Countries Author:Vladimir Putin
“Economic crimes are complex in nature, difficult to untangle, and they must be investigated according to the procedures set by the law.” LawDifficultEconomicCrimeComplexesProcedures Author:Vladimir Putin
“After the demise of the Soviet Union, we had many problems of our own for which no one was responsible but ourselves: the economic downfall, the collapse of the welfare system, the separatism, and of course the terror attacks that shook our country. In this respect, we do not have to look for guilty parties abroad.” LooksCountryProblemCoursesPartyEconomicResponsibleUnionsTerrorGuiltyOur CountryWelfareSovietCollapseSoviet UnionDownfallDemiseTerror Attacks Author:Vladimir Putin
“Russia hosts a lot of forums, including the International Economic Forum in St Petersburg, [usually in the beginning of summer], as well as the Economic Forum in Sochi.” WellsEconomicSummerIncludingInternationalRussiaHostForumsSochi Author:Vladimir Putin
“As to our trade and economic relations with China, they are growing more and more diverse each day, something we have worked on for a long time with our partners from China.” LongGrowingEconomicLong TimeRelationTradeChinaPartnersEach DayDiverse Author:Vladimir Putin
“I would like to draw attention to the fact that we have gone from pure trade [with China] in traditional goods [energy resources, such as hydrocarbons, oil and now natural gas, petrochemicals on the one hand and textiles and footwear on the other] to a whole new level of economic cooperation. For example, we are working together on space programmes. Moreover, we are developing and soon will begin the production of a heavy helicopter. We are now tracing the plan for the creation of a wide-body long-range aircraft.” LongWholeFactsBodyHandsTogetherEnergyNaturalSpaceLevelsAttentionGonePlansEconomicExampleCreationPureDrawsResourcesTradeProductionsHeavyChinaWideOilTraditionalDevelopingRangeGasWorking TogetherGoodsCooperationProgrammesAircraftHelicoptersNatural GasTracingTextilesFootwearHydrocarbonsEconomic Cooperation Author:Vladimir Putin
“This issue is not economic but political. I hope that all market participants interested in maintaining stable and reasonable world energy prices will finally make the right decision.” WorldPoliticalEnergyDecisionIssuesEconomicReasonableStableMaintainingParticipantsRight DecisionMake The Right Decision Author:Vladimir Putin
“I have criticized it [Europe], but I repeat: we keep 40 percent of our gold and foreign currency reserves in euros, we are not interested in the collapse of the Eurozone, but I do not rule out the possibility of decisions being made that would consolidate a group of countries equal in economic development and this, in my opinion, will lead to a consolidation of the euro. But there can also be some interim decisions in order to keep the present number of members of the Eurozone unchanged.” MadeCountryOrderDecisionNumbersOpinionGroupsEconomicPossibilityDevelopmentEqualMembersPercentEuropeGoldRepeatsCollapseNot InterestedCurrencyReservesEuroEconomic DevelopmentConsolidationEurozoneInterim Author:Vladimir Putin
“The G20 was established as a forum to discuss, first and foremost, world economic issues. If we load it with... Of course, politics affects economic processes, this is obvious, but if we bring some squabbles, or not squabbles, rather, some matters that are really important but relate purely to world politics, we will overload the G20 agenda and instead of addressing such issues as finance, structural economic reforms, tax evasion and so forth, we will engage in endless debates concerning the Syrian crisis or some other global challenges, of which there are many, or the Middle East problem.” IfsWorldFirstsImportantMatterProblemCoursesProcessChallengesIssuesEconomicMiddleTaxesCrisisObviousEastDebateEndlessFinanceReformRelateAgendasMiddle EastLoadForumsEvasionOverloadEconomic IssuesSquabblesWorld PoliticsEconomic ReformsTax Evasion Author:Vladimir Putin
“It is very difficult to enter a single currency zone having fairly weak economic parameters and maintain a favourable state of the economy, not to mention positive growth rates. We have witnessed it not only in Europe, but for example in Argentina (nearly 10 years ago or more), when they tied the national currency to the dollar and later they did not know what to do about it.” KnowsYearsStatesDifficultGrowthEconomyEconomicExampleEuropeYears AgoWeakDollarsRateZoneTiedCurrencyArgentinaParameters Author:Vladimir Putin
“We see that leaders in Western Europe [there are some debates of course, we also see that and analyse it all] stick to, I cannot say right or wrong ones, it always depends on someone's view, but I think, very pragmatic approaches in addressing economic issues.” ThinkingCoursesViewsLeaderIssuesEconomicDependsApproachEuropeSticksWesternDebatePragmaticWestern EuropeEconomic Issues Author:Vladimir Putin
“My position is that the rate should align with the level of economic development. Because it is always about a balance, a balance of interests, and it should reflect this balance. A balance between those who sell something across the border and those who benefit from a low rate, as well as a balance between the interests of those who buy, who need the rate to be higher. A balance between national producers, for example, agricultural producers who are interested in it.” NeedsShouldWellsInterestLevelsEconomicExamplePositionDevelopmentBalanceHigherBenefitsLowsSellsRateProducersBordersEconomic Development Author:Vladimir Putin
“Therefore today we have an absolutely sufficient level of gold and foreign currency reserves in order to ensure economic stability and sustainable foreign trade turnover.” TodayOrderLevelsEconomicGoldTradeSufficientStabilityCurrencyReservesTurnoverEconomic StabilityForeign Trade Author:Vladimir Putin
“What are we seeking to achieve? We are seeking to optimize budget spending. I believe that even in such uneasy times we employ a very pragmatic approach towards economic and social issues. We do address major social problems and deliver on our promises to our people.” PeopleBelieveProblemI BelieveSocialIssuesEconomicAchievePromiseApproachMajorsSeekingSpendingBudgetsAddressesSocial IssuesPragmaticUneasySocial Problems Author:Vladimir Putin
“Our agreements on creating the conditions for preparing a peace treaty [with Japan] should be rooted in this trust. This may be achieved, for example, by large-scale economic activities that will also cover the Kuril Islands. It may be achieved by solving purely humanitarian issues, for instance, unhindered visa-free travel by former residents of the Southern Kuril Islands to where they used to live: visiting cemeteries, native places and so on.” ShouldMayUsedIssuesEconomicConditionsExampleActivityCreatingHumanitarianScalesInstanceFormerIslandsNativeJapanAgreementSouthernRootedPreparingVisitingTreatiesCemeteryResidentsVisaLarge ScalePeace TreatiesNative Place Author:Vladimir Putin
“Japan has joined the sanctions against the Russian Federation. How are we going to further economic relations on a new and much higher basis, at a higher level under the sanctions regime?” LevelsEconomicHigherBasesRelationJapanRegimesSanctionsHigher LevelFederation Author:Vladimir Putin
“Our foreign ministries will simply need to sort out some purely technical matters. I see no political restraints here. The same applies to economic matters. We, on our part, are ready. However, let me repeat once again, given that Japan has joined the anti-Russian sanctions, how ready is Japan and how can it do that without breaching its commitments to its allies? We do not know the answer. Only Japan itself knows the answer.” KnowsNeedsMatterPoliticalGivenAnswersEconomicReadyCommitmentLet MeRepeatsJapanAlliesMinistryRestraintSanctions Author:Vladimir Putin
“I believe there are a lot of questions today that require expert analysis by various agencies: political agencies, foreign ministries, economic agencies and security agencies. We need to assess everything and understand what we can agree on and what the implications will be both for Japan and for Russia so that both the Russian people and the Japanese people come to the conclusion that these compromise solutions are acceptable and are in our countries' interests.” PeopleNeedsBelieveCountryTodayPoliticalI BelieveInterestEconomicSecuritySolutionsAgreeVariousRussiaConclusionCompromiseOur CountryAnalysisExpertsAgencyJapanAcceptableMinistryImplications Author:Vladimir Putin
“The Prime Minister [Shinzō Abe] proposed advancing to a new level of economic engagement, putting forward eight lines of cooperation in the most important and interesting areas both for Russia and for Japan.” ImportantLinesInterestingLevelsEconomicAreasEightRussiaMinistersJapanPrimeCooperationEngagementPrime MinisterAdvancingAbe Author:Vladimir Putin
“Now we characterise Russian-Chinese relations as a strategic partnership, even a special strategic partnership. We have never had such a level of trust with China before. China is our major trade and economic partner among foreign states. We implement joint multi-billion projects. We cooperate not only within the UN Security Council, which is logical, as both China and Russia are permanent members of the UN Security Council, but also within such regional organisations as the Shanghai Cooperation Organisation, BRICS, etc.” StatesLevelsEconomicSpecialSecurityMembersProjectsMajorsRelationTradeChinaPartnersBillionsRussiaChinesePermanentEtcLogicalCooperationPartnershipCouncilJointsStrategicOrganisationSecurity CouncilShanghaiBrics Author:Vladimir Putin
“Now we are talking about concluding a free trade agreement between the Eurasian Economic Council, recently established in the post-Soviet space, and China. A similar agreement was concluded a short time ago with Vietnam. Then, we will coordinate, at least we are ready to do this, the Chinese concept of the Silk Road Economic Belt with our newly-created regional organisation. So, do you understand how diverse, multi-faceted and deep Russian-Chinese ties have become over the last couple of decades? And we resolved the border issue.” LastsSpaceTalkingIssuesEconomicReadyCoupleConceptsTradeChinaDecadesPostsChineseBordersTiesAgreementVietnamSovietDiverseCouncilBeltsOrganisationSilkShort TimeFree TradeCoordinatesTrade AgreementsConcludingSilk Road Author:Vladimir Putin
“Then there is another area of activity - economic interaction between Russia and the United States. Right now, for example, it has already been made public that we signed a large deal to privatise one of our biggest oil and gas companies, Rosneft. We know for sure that US companies, as well as Japanese ones, by the way, are keenly interested in cooperation in Russia's oil and gas sector, in joint work. This has immense significance for world energy markets and will directly affect the whole world economy.” KnowsWorldWayWellsMadeStatesWholeEnergyUnitedDealsCompanyUnited StatesEconomyEconomicExampleRight NowActivityAreasOilRussiaWhole WorldGasSignificanceCooperationInteractionImmenseJointsWorld EconomyOil And Gas Author:Vladimir Putin
“This is not only a matter of relations between Russia and the United States. In my view, any restrictions in the economic sphere that are dictated by considerations of political expediency are extremely harmful for the world economy as a whole. This destroys unity and the rules of the game.” WorldMatterStatesWholePoliticalGamesUnitedViewsUnited StatesEconomyEconomicRelationUnityRussiaConsiderationSpheresRestrictionExpediencyWorld EconomyRules Of The Game Author:Vladimir Putin
“We spoke about economic sanctions only recently in Lima, within the framework of APEC. Almost all the leaders represented at APEC (the Asia Pacific region), Pacific countries, spoke about the same thing, namely, that we are going through a very acute crisis in world trade, international trade, related, among other things, to restrictions on the markets of certain countries.” WorldCountryCertainLeaderEconomicCrisisTradeInternationalRelatedRegionsSpokesAsiaFrameworkRestrictionSanctionsPacificWorld TradeInternational TradeEconomic Sanctions Author:Vladimir Putin
“However, crisis in world trade is, among other things, the result of using political tools in competition or simply for achieving political objectives with the help of economic restrictions.” WorldHelpingPoliticalResultsEconomicAchieveToolsCrisisTradeCompetitionObjectivesRestrictionWorld Trade Author:Vladimir Putin
“[Economic restrictions] is one of the elements that is destabilising the world economic order that was at one time created largely by the United States itself at the dawn of the General Agreement on Tariffs and Trade that was later transformed into the World Trade Organisation.” WorldStatesOrderUnitedUnited StatesEconomicElementsTradeDawnAgreementOne TimeTransformedRestrictionOrganisationWorld TradeTariffsEconomic Order Author:Vladimir Putin
“If the world economy is divided into isolated economic blocs of this kind, it will be rather difficult to achieve the same interpretation and application of international rules of economic activity and world trade.” IfsWorldKindDifficultEconomyEconomicAchieveActivityTradeInternationalInterpretationDividedApplicationIsolatedWorld TradeWorld Economy Author:Vladimir Putin
“Economic activity is moving from the Atlantic ocean to the Pacific ocean... Russia has a certain natural advantage because it also borders the Pacific Ocean.” MovingCertainNaturalEconomicActivityOceanAdvantageRussiaBordersPacificPacific OceanAtlantic Ocean Author:Vladimir Putin
“It's a historical phenomenon that in 250 years, a nation could move from a colony into the most prosperous nation of the world and the leader of the world. It is indeed an achievement, a tribute to the talent of the American nation, the American people and an optimal political and economic system.” PeopleWorldYearsMovingPoliticalNationsLeaderEconomicTalentAchievementHistoricalPhenomenonProsperousTributeColonyEconomic SystemsOptimal Author:Vladimir Putin
“Some Western politicians are already threatening us with not just sanctions, but also the prospect of increasingly serious problems on the domestic front. I would like to know what it is they have in mind exactly: action by a fifth column, this disparate bunch of 'national traitors', or are they hoping to put us in a worsening social and economic situation so as to provoke public discontent? We consider such statements irresponsible and clearly aggressive in tone, and we will respond to them accordingly.” KnowsMindProblemActionSocialPowerfulSituationEconomicFrontsSeriousPoliticianWesternStatementsBunchToneAggressiveProvokingThreateningFifthDiscontentColumnsSanctionsIrresponsibleTraitorCrimeaThreatening Us Author:Vladimir Putin
“One of the most important tasks is to broaden the energy supply ... Energy determines today international security and social as well as economic development in many respects. In reality the wellbeing of millions of people is directly dependent in energy security.” PeopleWellsImportantRealityTodayEnergySocialMillionsEconomicSecurityDevelopmentTasksInternationalDetermineDependentNational SecurityWellbeingEconomic DevelopmentEnergy Security Author:Vladimir Putin
“We still have a great amount of work to do in social development, including resolving one of the biggest challenges we face in this area, namely, reducing the gap between high-income earners and people, citizens of our country, who are still living on very modest means indeed. But we cannot, of course, adopt the solution used 80 years ago and simply confiscate the riches of some to redistribute among others. We will use completely different means to resolve this problem, namely, we will ensure good economic growth.” PeopleYearsMeanStillsDifferentCountryUseProblemFacesUsedCoursesSocialGrowthChallengesEconomyRichEconomicDevelopmentAmountCitizensSolutionsAreasYears AgoEconomicsIncludingRichesIncomeOur CountryResolveGapsModestEconomic GrowthReducingLiving OnSocial DevelopmentChallenges We Face Author:Vladimir Putin
