“Economy wagged”: the main statements of the forum “Russia Calls!”
Investment Forum “Russia Calls!” this year is being held online due to the coronavirus pandemic. On the first day, by tradition, President Vladimir Putin spoke. The main statements of the forum are in the RBC review.
About pandemic
“We clearly understand how to act. That is why we are not planning to introduce total restrictive measures, launch a so-called nationwide lockdown, when the economy and the work of business actually completely stop. In case of objective necessity, taking into account the recommendations of doctors, according to the situation in a particular region, city, municipality, justified, point decisions will be made that will maximize the protection of the safety of people and maintain the continuous operation of enterprises and organizations. “
“For such companies [SMEs in the most affected sectors], I propose to extend the already granted deferral for taxes and insurance premiums. For another three months. It has also already been decided to extend the moratorium on scheduled inspections of small businesses for the next year. Thus, we reduce both the administrative and tax burden on tens of thousands of companies, which employ millions of our citizens, and support jobs and people’s incomes. “
About US elections
“You know, I would not like to touch upon the topic of the US elections, because no matter what I say, now some of our partners will cling to anything in order to prove Russia’s alleged interference in the election process in the States.”
On the ecosystems of Yandex, Sber and VTB
“One of Russia’s national goals for the next decade is digital transformation in all spheres of life. This is a very important factor in increasing economic dynamics in our country, improving the quality of life of people. Leading Russian companies, first of all Yandex, Sberbank, VTB, have been successfully investing in these areas for a long time, mastering new, promising niches and products, in fact they are becoming what is now called ecosystems. I am sure that the gained momentum, as well as the development of competition in this area, will give a noticeable impetus to our economy, including allowing many small and medium-sized enterprises to expand their sales channels. “
Yandex is developing well here. I hope that partners will not use any non-commercial non-market instruments in their competition with it. “
About “non-traditional marriages”
“With regard to non-traditional methods of regulation. You know, we are with some caution, but we treat with understanding in general any non-traditional forms, including non-traditional marriages. I say “with understanding,” I want you to pay attention to this word too. With understanding, but wary. Because I, as the head of state, must take care of solving demographic problems, and non-traditional marriages, as you know, do not give birth to children “
About green bonds
“Speaking of investment instruments, along with perpetual bonds, green bonds are now being issued, which, we assume, will finance investments in environmental projects. If I am not mistaken, five tranches of these bonds are already on the stock exchange. We are now working on the issue of subsidizing coupon income, support of these bonds from the state “
On the privatization of state-owned companies
“There are different points of view, but it seems to me that if we reduced the share of the state, not even by attracting resources to the budget, but in order to attract private management, strengthen control over the work of these companies and raise funds It would be great to raise resources for the investment purposes of these companies. “
Biden’s possible victory in the US elections and the prospects for sanctions
“We must be prepared for any scenario. The issues of sanctions policy certainly affect the situation in Russia, but we must be prepared for these challenges, which is what we are doing now ”.
About social support
“State policy measures for the next three years will focus on supporting the most vulnerable segments of the population, including retirees, low-paid workers and other poor people. So, more than 35% of all expenses are allocated for social issues in the 2021 budget “
On economic recovery
“The mood now that we see the current incidence rates, it is clear that it is worrisome in business. But at the same time, when we look at the figures, we see in September, and slightly less in October, that the recovery is underway, in September it was active. In October, we see that we have reached a certain plateau. At the same time, the turnover in cash registers recovered, and railroad transportation recovered. At the same time, we need to understand that the situation we are faced with is a deviation from the trajectory. The Russian economy followed the global “waggle”. Now we are gradually returning to this trajectory “
Pandemic and digitalization
“The coronavirus has greatly increased the pace of movement along this path [digitalization]. Administrative barriers, which seemed to us to be inviolable, at that moment crumbled as quickly as possible. Many things that had been discussed for a long time turned out to be quickly possible for implementation in practice. . A large volume of social payments, which was launched to support the population, families with children, everything went completely online. . In principle, the telephone will soon replace most of the documents that have existed on paper for many decades. “
About the digital ruble
“The introduction of the digital ruble may affect the business models of banks. We understand this and want to hear how banks see it. Liquidity management may become more complicated, but here the Central Bank is ready to adjust its instruments so that banks have no fears. The structure of income will change, and certain operations will become cheaper. But convenience will lead to the fact that the volume of such transactions will be greater. Banks will still earn money. “
About cheap loans
“Of course, both fiscal policy and monetary policy are aimed at supporting demand, but I would like to draw your attention to the fact that fiscal and monetary policy can do a lot, but not everything. It is a very simplistic understanding that demand is driven purely by monetary and fiscal policy. Introduce people. We want them to consume more, but even if interest rates are very low, people will not understand how long they will recover their incomes, how sustainable this recovery will be, how much jobs will be preserved, they will not spend “
On business support during a pandemic
“Through the prism of banking, it is clear that the government’s measures were indeed point-wise, even to a greater extent, focused on small and medium-sized businesses. Large companies were more likely to negotiate with banks on some terms and so on. And the state primarily took care of medium, small business. And I think that this is the result – in principle, many companies have survived and are developing today. “
On the ecosystems of Yandex, Sber and VTB
“I was asked: how are you, as a partner for Yandex, different from Sber? I said: the fact that we ourselves do not want to be Yandex. Indeed, the essence is probably the difference in our approaches, ”he said. “We want our system to be based on our partnership with industry leaders, and to provide services, and above all, to be such a financial partner”
About pandemic
“This is the worst crisis I’ve seen in my life. Because everything collapsed. Both politicians and the media reacted overly emotionally to the situation. And before pandemics happened, but no one ever closed McDonalds, did not stop flights. And today politicians and the media react extremely emotionally, and this further exacerbates the situation. The reaction has become worse than the pandemic itself “
Сообщение “Economy wagged”: the main statements of the forum “Russia Calls!” появились сначала на supercar.ru.