VLADIMIR PUTIN
Prime Minister
of the Russian Federation

Point of View

16 november
2011
Ways to Overcome the World Economic Crisis 26

“All global economic processes are interconnected. Risks that are present in some markets inevitably have an impact on the overall situation. This is why well-coordinated collective efforts of all countries are needed to steer out of the crisis, and the roles of the Russian and German business communities are very important here. <…>This country is ready to join (and has already joined) the efforts to overcome the effects of the crisis, including in the Eurozone. We are prepared to render practical aid, primarily through the IMF mechanisms.”

Vladimir Putin
At a meeting with representatives of the German business community, November 16
11 july
2011
Ways to Overcome the World Economic Crisis 26

“It is very important to scrutinise what happened in the world economy – to study the circumstances in which the crisis unfolded, find a cure, and draft measures to preventing such adverse developments in the future. We must make our national economies reliable and productive, and protect them against all kinds of negative factors, risks, and potential pitfalls.”

Vladimir Putin
At a meeting with economists from the Russian Academy of Sciences, July 11
23 march
2011
Ways to Overcome the World Economic Crisis 26

“We are overcoming the aftermath of the global economic crisis and steadily increasing trade. It grew by more than a quarter last year to $1.4 billion, and Russia has firmly established itself among Serbia’s leading trade partners.”

Vladimir Putin
At a news conference on Russian-Serbian talks
18 june
2010
Ways to Overcome the World Economic Crisis 26

“The global economic crisis that we all have encountered has clearly shown how dependent we are on each other. It has also shown that the irresponsible or selfish actions of one country or even one large bank may cause problems for the entire global financial system, as well as for themselves. Therefore, it is especially important that governments, financial authorities, and central banks of all countries synchronise their policies. … We are committed to coordinating our own steps with what's going on out there, with the decisions worked out by the G8 and G20 groups.”

Vladimir Putin
At the international conference “Central Banks and the Development of the World Economy: New Challenges and Prospects,” timed to coincide with the 150th anniversary of the Russian Central Bank, June 18
10 june
2010
Ways to Overcome the World Economic Crisis 26

“There are problems, but I do not want to get into their causes now. European leaders have spoken about this at length, convincingly, and I think correctly. [Financial] discipline must be strengthened and the budget deficit must be closely monitored. Overall, there is much to be done, such as changing the currency laws, which should be the same, or at least as close as possible, in all EU countries. On the whole, the foundations of the European economy are sufficiently strong. There are clear leaders in terms of economic stability, such as Germany and France. And nobody wants to destroy the European Union. I think that Ms. Merkel was correct when she said that there would be no EU without the euro, even if the organisation would still be called the European Union.”

Vladimir Putin
At an interview to Agence France Presse and France 2 television channel ahead of his working visit to France, June 10
14 may
2010
Ways to Overcome the World Economic Crisis 26

“Today, I would like to draw your attention to the fact that we were forced to reallocate resources in an effort to overcome the consequences of the global financial and economic crisis. A proportion of those resources that could have been put towards modernisation, was instead spent on anti-crisis objectives. Today, we are working amid considerably changed, to put it bluntly, tougher external and domestic conditions. The events of the last few weeks have shown that it is still too early, too premature to say that the global crisis has ended completely. Today Eurozone states are being forced to implement unprecedented measures in order to stabilise their financial systems, while the people have to pay for their previous macroeconomic miscalculations. In effect, a simple truth has been confirmed: in the long-term perspective only a responsible macroeconomic policy can facilitate steadily rising and improving standards of living among the population. I am deeply convinced that we must ensure macroeconomic stability”.

Vladimir Putin
At a joint meeting of the Ministry of Finance and Ministry of Economic Development Boards, May 14
21 january
2010
Ways to Overcome the World Economic Crisis 26

Today we will also discuss the draft of the federal targeted programme on nuclear energy technology. Our primary objective is to use our competitive advantages in this high tech economic sector and to consolidate Russia's position on the international market. We have done much in the past, but now we must exploit our experience.

Vladimir Putin
At a Government meeting, January 21, 2010
12 may
2009
Ways to Overcome the World Economic Crisis 26

"The crisis, despite its negative elements, offers a unique opportunity to reform the economy, rehabilitate the global financial system, and formulate a modern agenda that should adequately reflect the growing role of the new centres of economic growth and political influence. Being here in Tokyo, I am referring above all to the Asia-Pacific region."

Vladimir Putin
At the the Russian-Japanese Business Forum, Tokyo, May 12, 2009
10 march
2009
Ways to Overcome the World Economic Crisis 26

“To overcome the negative consequences of the global financial and economic crisis, we should take effective joint actions to rehabilitate the global financial and investment system. Likewise, we must maintain and, if possible, enhance the level of trade and economic relations and cooperation in other spheres of bilateral relations. To attain this objective, we should act with maximum trust based on a positive approach to the partners' interests. I am convinced that if we follow these guidelines, Russia and Hungary will make a befitting contribution to European economic stability.”

Vladimir Putin
Plenary meeting of intergovernmental Russian-Hungarian consultations, Moscow, 10 March 2009
26 february
2009
Ways to Overcome the World Economic Crisis 26

“In conditions of the crisis, we should pay more attention to social problems and to preventing unfavourable developments in this field.”

Vladimir Putin
Council of Europe Conference of Ministers Responsible for Social Cohesion, Moscow, 26 February 2009
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