Source Pravda.Ru

Putin comments on Russia's economic potential

There is "good economic potential" in Russia, which is based not only on raw materials but also on the "good human resources of the country", Russian President Vladimir Putin declared at a session of the World Economic Forum in Moscow today. The President added that there were some difficulties in the country mainly bound to the fact that "the mentality of people had gotten used to a planned economy". In this respect, Putin mentioned that administrative reforms had been launched. Moreover, activities aimed at decreasing the tax burden continue; in particular, the value-added tax is expected to be decreased from 20 percent to 18 percent and the single social tax rate is to be reduced.

Putin noted that, according to estimates of specialists, economic growth in Russia was mainly based on the development of the raw material sector. However, the President believes that Russia develops other sectors too. "Our efforts are aimed at developing processing industries, high technologies, corporate culture and the protection of intellectual property rights," he said. Energy and transportation sectors are actively restructured and preparations for reforms in the gas sector are unfolding currently, Putin added.

"Russia has always been an export oriented country" and the creation of a system of insuring export contracts is the most important task aimed at protecting Russian exports, the Russian leader remarked.

He announced his intention to create a news service called "Pravda," which means "truth" in Russian. Well, we are Pravda. The Pravda.Ru website has been working professionally in Russia since 1999

Elon Musk wants Pravda, but we already have it

The co-author of this disaster is the Dutch government, which did not find either strength or desire to save the lives of its citizens who were flying on that plane. The Dutch authorities did not demand Ukraine to comply with international aviation regulations

Blame MH17 on Russia: International investigation turns into demonic circus

On the second day of the St. Petersburg International Economic Forum, a plenary meeting was held, in which Russian President Vladimir Putin, French President Emmanuel Macron, Japanese Prime Minister Shinzo Abe, Chinese Vice President Wang Qishan and IMF head Christine Lagarde took part

World leaders unite with Russia at St. Petersburg International Economic Forum
Comments
How low will America go?
How low will America go?
What would you do if you were Kim Jong-un?
What would you do if you were Kim Jong-un?
German expert explains why European Union and Russia develop ties speedily
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
Blame MH17 on Russia: International investigation turns into demonic circus
USA wants China to become backward, third world state again
Elon Musk and a Truth called Pravda
Science Has Once Again Declared: ‘We Were Created’
World leaders unite with Russia at St. Petersburg International Economic Forum
What would you do if you were Kim Jong-un?
There's only one man who can help Russia and the West bury the hatchet
World leaders unite with Russia at St. Petersburg International Economic Forum
World leaders unite with Russia at St. Petersburg International Economic Forum
World leaders unite with Russia at St. Petersburg International Economic Forum
The Netherlands and Australia officially accuse Russia of downing MH17 over Donbass
The Netherlands and Australia officially accuse Russia of downing MH17 over Donbass
The Netherlands and Australia officially accuse Russia of downing MH17 over Donbass
How low will America go?