14.05.09

“The global crisis showed graphically that in the world economy, as well as the world politics, one, even a very powerful leader cannot ensure stability, sustainability and predictability,” Putin said at the Russian-Japanese business forum in Tokyo on Tuesday.

“To resolve this task the leadership should be collective,” the premier believes. In this connection, Russia “intends to develop the direct dialogue with the business circles of the leading countries in the world, including Japanese businesspeople.”

In Putin’s view, the crisis gives “a unique opportunity to reform the economy and invigorate the world financial system.” According to him, a forming modern agenda “should reflect adequately the growing role of new centers of economic growth and political influence, primarily in the Asia-Pacific region.”

Putin recalled about a program of anti-crisis measures in Russia with a big financing volume – three trillion roubles (about 90 billion dollars). “These allocations are mainly made to support the banking system, the real sector of economy, labour market and the consumer demand, that is to say citizens of the country,” the premier said.

He believes that “these measures will allow averting the worst scenario and will lay down the foundations for resuming a sustainable economic growth.”

Putin reminded that at the end of the previous year Russian economy was exposed to the impact of “the double strike”, “This was the financial crisis, considerably deteriorated conditions of the foreign trade – the fall in the demand and the prices on traditional Russian export goods.”

Putin forecasts “a certain reduction in the GDP, industrial production and the foreign trade” in 2009. “However, I can affirm that Russian market and social institutions proved its stability and viability, and the capability to counteract the destructive tendencies of this crisis,” the Russian prime minister pointed out.

About Alinga Consulting Group

    Audit and Taxation     Legal     Accounting and Payroll

Questions? Ask Alinga's Experts!

Source: Itar-Tass