President of the Davos World Economic Forum Klaus Schwab has stated that Russia "has already become a real constituent part of the world community". Forestalling Russian President Vladimir Putin's speech at the forum's plenary session Schwab stressed that the world economic community has been impressed by the course of reforms in Russia. "This gives us much confidence in the great country," pointed out the president of the World Economic Forum. "It is highly important for investors." Giving the floor to President of Russia Vladimir Putin Klaus Schwab called him "a young and dynamic" politician.