Putin: Russia Needs True Industrial Breakthrough in Coming Years

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Russia needs to make a “true industrial breakthrough” in the coming years and create powerful national companies in the manufacturing industry, Russian President Vladimir Putin said Thursday.

MOSCOW, (RIA Novosti) – Russia needs to make a “true industrial breakthrough” in the coming years and create powerful national companies in the manufacturing industry, Russian President Vladimir Putin said Thursday.

“Our task is to make a true industrial breakthrough in the coming years, to create strong national companies in sectors of the processing industry that can produce competitive goods,” the president said during the Russia Calling investment forum.

Russia Plans No Restrictions on Capital Flow

Russia does not plan to impose any restrictions on the flow of currency and capital in the country, Russian President Vladimir Putin said Thursday.

“I would like to stress that despite difficulties we did not increase the tax burden on business and does not plan to impose any restrictions on currency or capital flow,” he said during the Russia Calling investment forum.

Russian Authorities Will Form Additional Stocks of Durability in Financial Area

Russian authorities will form additional stocks of durability in the financial sector, Russian President Vladimir Putin said Thursday.

“Moreover, we consider it necessary to protect ourselves from possible risks in a number of more sensitive sectors. For this we will form additional stocks, first and foremost in the financial sector,” Putin said during the Russia Calling investment forum in Moscow.

Russia Views Cooperation With Latin America, BRICS, Asia-Pacific As Priority

Russia views improving cooperation with Latin America, BRICS and Asia-Pacific as its priority, Russian President Vladimir Putin said Thursday.

“We will maintain our course toward expanding and diversifying foreign trade. Among our priorities is to deepen business, trade, investment and technology partnership with Latin American countries, Asia-Pacific states and our BRICS partners, including China and India,” Putin said during the Russia Calling investment forum.

 

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