Russia: "Economic stability requires cooperation between govt and Central Bank" - Putin

• published: 19 Nov 2014
• views: 77

Video ID: 20141119-028 M/S Ministers taking their seats as Russian President Vladimir Putin enters SOT, Vladimir Putin, Russian President (Russian): "As you know, i've been meeting the members of the All-Russia People's Front who were holding the so-called Action Forum. Our colleagues raised a lot of questions; the way how we solve them will determine the quality of our work, and - what's most important - the development of economy and social sphere." W/S Conference room M/S Conference SOT, Vladimir Putin, Russian President (Russian): "You remember what I've said regarding the fluctuations of the ruble, and it also applies to the other important aspect of our economy - the commercial environment, prices for energy supplies. So, in general we all know - and this it what you've been reporting to me multiple times as the fiscal balance is concerned - the budget is stable, the income has even increased. All in all the situation is absolutely normal. However, there's something I didn't mention yesterday, but we're also aware, that there are some aspects which need particular attention. First of all, these are the rates which inevitably move - one way or another, - and this cannot help affecting the real sector, and the other point is the inflationary process. These both points are in the responsibility of the Central Bank, but under the current conditions - not of the CB exclusively. At the present moment only cooperation between the CB and the government - a full complex of measures - can secure us economic and financial stability." C/U Note-taking W/S Conference room SCRIPT Russian President Vladimir Putin discussed the Russian economy while speaking at a meeting with government ministers in the Moscow Kremlin, Wednesday. During his speech, President Putin stated that economic and financial stability would only be provided by cooperation in a "full range of measures" between the Central Bank and the Russian government. Issues on the agenda for the meeting included enhancing the efficiency of state-owned companies and companies with state participation and work on the federal budget for 2015, 2016 and 2017. The meeting summed up the discussions at the Action Forum, held over November 17-18 in Moscow. Facebook: http://www.facebook.com/Ruptly Twitter: http://twitter.com/Ruptly LiveLeak: http://www.liveleak.com/c/Ruptly Google Plus: http://google.com/+RuptlyTV Instagram: http://www.instagram.com/Ruptly YouTube: http://www.youtube.com/user/RuptlyTV DailyMotion: http://www.dailymotion.com/ruptly Video on Demand: http://www.ruptly.tv