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Quote by 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.”

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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“They [leaders in Western Europe] do not misuse financial instruments, financial injections, but, first of all, seek structural change. This is urgent for our economy as well, maybe even more urgent bearing in mind the problem that we cannot yet deal with, namely the prevalence of the oil and gas sector in the Russian Federation and, as a result, dependence on revenue from oil and gas.”

Mind Firsts Wells Problem Results Deals Leader Economy Europe Instruments Western Financial Oil Gas Dependence Revenue Urgent Misuse Federation Oil And Gas Injection Western Europe

Author:Vladimir Putin

“This is also evident in Europe, not the dependence on oil and gas, but the fact that structural reforms are long overdue, and I think that the leading economies are very pragmatic and efficient in addressing the issues facing the European economy. That is why we keep approximately 40 percent of our gold and foreign currency reserves in euros.”

Thinking Long Facts Economy Issues Percent Europe Gold Oil Reform Gas Efficient Currency Reserves Dependence Evident Pragmatic Euro Overdue Oil And Gas

Author:Vladimir Putin

“I do not want to answer provocative question.”

Want Answers Provocative

Author:Vladimir Putin

“I repeat that, in my opinion, the European Commission and the leading European economies are acting very pragmatically and are on the right path.”

Acting Opinion Economy Path Repeats Right 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.”

Simple Produce Easier Bigger Sells Dollars Income Expensive Revenue

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.”

Ifs Thinking Should Order Speak Economy Industry Tasks Function Fundamentals Rate Stability Regulation Central Banks Regulators

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.”

Way Issues Rate Manage One Way Stability Currency Floating Central 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.”

Should Wells Country Economy Influence Accounts Increase Stability Inflation Decrease Central Banks

Author:Vladimir Putin

“The Central Bank has a lot to handle and it is best not to interfere with its competence.”

Handle Interfere Competence Central 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.”

Needs Should Wells Interest Levels Economic Example Position Development Balance Higher Benefits Lows Sells Rate Producers Borders Economic Development

Author:Vladimir Putin