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Quote by Vladimir Putin

“If everything stops functioning our level will be able to ensure our trade turnover using its gold and foreign currency reserves for at least six months or more, which is more than enough.”

Quote by Vladimir Putin

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Vladimir Putin is the President of Russia, born on October 7, 1952. Since 2000, Putin has served multiple terms as the President of Russia, profoundly impacting the political, economic, and social development of the country. more

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“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.”

Today Order Levels Economic Gold Trade Sufficient Stability Currency Reserves Turnover Economic Stability Foreign Trade

Author:Vladimir Putin

“All issues - purchasing and selling of currency - are related to the regulation of the national currency market. However, it is still difficult to say what will be the reaction of the Central Bank and if it would lead to increasing the gold and foreign currency reserves.”

Ifs Stills Difficult Issues Gold Reactions Selling Related Regulation Currency Reserves Central Banks Purchasing

Author:Vladimir Putin

“Let us not forget that we have two governmental reserve funds: the Reserve Fund and the National Wellbeing Fund that represent together $100 billion.”

Two Together Forget Billions Fund Reserves Wellbeing

Author:Vladimir Putin

“We do not have to borrow in the external market, but we have used and are using this traditional instrument in international financial relations.”

Used Relation Instruments Financial International Traditional

Author:Vladimir Putin

“We have issued financial instruments in the past, and there is a strong demand for them, it is simply unnecessary now.”

Past Strong Demand Instruments Financial Unnecessary

Author:Vladimir Putin

“Given the cost of borrowings and the $100 billion in Government reserves, there is no reason for us to borrow. We should review the situation carefully. Besides, borrowings are possible, but we must understand what is more profitable at this point.”

Should Reason Government Given Situation Cost Billions No Reason Reviews Reserves Profitable Borrowing

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.”

People Believe Problem I Believe Social Issues Economic Achieve Promise Approach Majors Seeking Spending Budgets Addresses Social Issues Pragmatic Uneasy Social Problems

Author:Vladimir Putin

“We act in a pragmatic and careful manner. We reduce spending on budget items that do not constitute a priority.”

Careful Spending Priorities Budgets Items Pragmatic

Author:Vladimir Putin

“We are not going to waste our reserves and burn them for any political ambitions. We will act very carefully.”

Political Waste Ambition Reserves Political Ambition

Author:Vladimir Putin

“I hope that there will be no particular need for us to attract external funding. It is worth noting that despite the fact the turnover is smaller now we are still maintaining a trade surplus.”

Needs Stills Facts Particular Trade Despite Maintaining Funding Surplus Turnover

Author:Vladimir Putin