“I repeat that, in my opinion, the European Commission and the leading European economies are acting very pragmatically and are on the right path.” ActingOpinionEconomyPathRepeatsRight Path Author:Vladimir Putin
“When the ruble is weaker, it is easier to sell, to produce here for a cheap ruble and sell for an expensive dollar, get revenue in dollars and then exchange it for rubles and get a bigger income. This is simple.” SimpleProduceEasierBiggerSellsDollarsIncomeExpensiveRevenue Author:Vladimir Putin
“If we speak about fundamental things, regulation of the rate is actually the function of the main regulator, namely the function of the Central Bank. And it should think of how the economy and industry react, but also of its fundamental tasks in order to ensure the stability of the rate.” IfsThinkingShouldOrderSpeakEconomyIndustryTasksFunctionFundamentalsRateStabilityRegulationCentral BanksRegulators Author:Vladimir Putin
“The stability of the rate is the main issue and the Central Bank manages to ensure it one way or another. This was finally achieved after the Central Bank switched to a floating national currency exchange rate.” WayIssuesRateManageOne WayStabilityCurrencyFloatingCentral Banks Author:Vladimir Putin
“The Central Bank should take into account other things as well: the stability of the bank system in the country, the increase or decrease of money supply in the economy, its influence on inflation.” ShouldWellsCountryEconomyInfluenceAccountsIncreaseStabilityInflationDecreaseCentral Banks Author:Vladimir Putin
“The Central Bank has a lot to handle and it is best not to interfere with its competence.” HandleInterfereCompetenceCentral Banks 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
“Here we have 40 million Russian citizens involved in the sphere of agriculture one way or another. This is very important.” WayImportantMillionsCitizensInvolvedOne WaySpheresAgriculture Author:Vladimir Putin
“We should not forget either about the interests of the regular consumers who need the prices in supermarkets to be a little bit lower.” NeedsShouldLittlesBitsInterestForgetLittle BitConsumersSupermarkets Author:Vladimir Putin
“Therefore, let me reiterate that the rate should not meet the interests of a specific group or one or two groups, it should meet the fundamental development interests of the economy itself.” ShouldTwoInterestEconomyGroupsDevelopmentLet MeFundamentalsRate Author:Vladimir Putin