Putin at WEF 2023 about the ruble exchange rate, the development of the Far East, capital and rakes. Main

On September 12, Russian President Vladimir Putin spoke at the plenary session of the Eastern Economic Forum. The main theses are in the Kommersant collection.

Economy

• There are no insurmountable problems or difficulties with the ruble exchange rate; influence controllable factors. No one will make any sudden moves in resolving issues with him.
• An increase in the key rate reduces inflation, although it constrains the economy.
• Global economy keeps changing primarily due to the fact that the West is destroying the system of financial relations. However, the situation in the global economy has stimulated the work of the Russian authorities in the Far East.
• Russia has already earned twice as much as its gold and foreign exchange reserves were frozen.
• The government is still does not see the need to raise taxes in the Russian Federation.
• It is necessary to reach an agreement with business so that they understand that it is safer to work in Russia. Businessmen should not step on the same rake when distributing capital abroad.

Development of the Far East

• Subsoil exploration in the Far East, only 35% explored, should be included into the geological exploration program for multiple growth of the extractive industries, including scarce raw materials.
• An annual eSports tournament will be organized in the Far Eastern Federal District; the first competitions will be held at the end of the year. IT companies and companies with state participation need to pay attention to this sport and support it.
• There is hope for the signing by the end of 2023 of the documents necessary to begin construction of facilities as part of the III stage of development of the Eastern training ground.

Housing

• Far Eastern mortgage program at 2% needs to be expanded for workers of defense industry enterprises in the Far East, and its upper limit should be raised from 6 million to 9 million rubles.
• You can’t do it abruptly make mandatory home insurance, the state must continue to bear the costs for some time.
• There are risks of overheating in the mortgage lending market, the authorities see them and stop them.

Gas pipelines

• The Power of Siberia and Sakhalin-Khabarovsk-Vladivostok gas pipelines should be linked into a single system.
• LNG production in the Russian Arctic should triple by 2030, to 64 million tons per year.

Highways

• The modernization of the BAM and the Trans-Siberian Railway will continue; the pace needs to be increased, including through concession mechanisms and attracting private capital.
• High-speed highways will pass through Siberia and the Far East to the Pacific Ocean, and a single transport corridor will be formed.