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Quote by 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.”

Quote by Vladimir Putin

Author

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

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“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.”

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“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.”

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

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

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“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.”

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“Our microeconomic indicators are stable and it gives me reason to believe that we will calmly and steadily pass this uneasy period in our economy, which has already no doubt adapted to the current situation.”

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“I would like to deal with a person who is able to take responsible decisions and implement the agreements reached. The name [Donald Trump or Hillary Clinton] does not matter.”

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“Of course, this person is to have the trust of the American people, then he or she would not only have the wish but also the supported political will to implement all these agreements.”

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“We have never meddled in the domestic affairs of any state and we never will.”

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