The economy will be open: Putin talked about measures to save logistics

Russian President Vladimir Putin said at a meeting on the development of certain areas of the transport complex in Sochi that the Russian economy will be “absolutely open” in the new conditions. It is reported by TASS.

“We will also expand cooperation with countries that are interested in mutually beneficial cooperation,” Putin said.

According to him, a number of issues are important: arranging a suitable payment infrastructure in national currencies, establishing scientific and technological links and increasing the capacity and efficiency of logistics, creating new freight and passenger routes.

“The strategic importance of this work has increased markedly in recent months. The actions of some countries, their desire to close themselves off from Russia – not to close Russia, but even to their own detriment – have shown how important it is to diversify traffic flows, widen corridors in the modern world. predictable, in the direction of responsible partners, ”says the president, quoting the Russian agency.

Putin also drew attention to the importance of transportation projects in the south of the Russian Federation, especially on the shores of the Black Sea, Azov and Caspian Seas.

Relaxation of currency measures

The day before, on May 23, Vladimir Putin approved the amendments to Presidential Decree No. 79 – this defines measures to respond to sanctions. The mandatory limit for exporters to sell their foreign exchange earnings was reduced from 80% to 50%.

The 80% rule was introduced by the Russian authorities at the end of February – against the backdrop of sharp weakening. course The ruble after the start of the military operation of the Russian Federation in Ukraine and the subsequent Western sanctions.

However, the ruble has been growing in recent weeks, thanks to the measures of the Central Bank of the Russian Federation, and the sale of foreign currency earnings could negatively affect the income of the Russian treasury.

From May 20, the Central Bank allowed Russian banks to sell cash currency to citizens without any restrictions. True, this applies to all currencies except the US dollar and euro. Thus, you can now buy British Pounds, Swiss Francs, Japanese Yen and other currencies in any quantity that Russians can find in bank branches.

The current restrictions on the sale of American and European currencies remain – until September 9, 2022, Russian citizens can only buy dollars and euros received by banks since April 9th. Previously, these restrictions applied to all types of foreign cash.

Permission to sell currency without restrictions is associated with the presence of foreign banknotes in banks.

National Trade

During a meeting with Lukashenko on May 23, Putin noted that Russia’s transition to trade in national currencies with other countries, including Belarus, has already contributed to the strengthening of the ruble.

“The situation objectively developed so much that we did so. And in general – I want to emphasize this, not to the detriment of our partners, but by fulfilling all our obligations – we are switching to the national currency, the ruble, for some commodity groups, and this contributes to the strengthening of the ruble, ” added Putin.

The President of the Russian Federation admitted that the Russian economy is “very valuable” against sanctions. “I would like to note that, despite all the difficulties, the Russian economy quite worthy relied on the impact of the sanctions. This is evidenced by all the main macroeconomic indicators,” he said.

He also admitted that “of course not everything is easy” in economics. “Everything that happens requires special attention and special effort from the economic bloc of the government, and I want to emphasize that in general, these efforts have a positive effect,” said Vladimir Putin.

Russian President Vladimir Putin said at a meeting in Sochi that the Russian economy will be open. According to him, Moscow will expand cooperation with countries of mutual interest. Putin also said that it is necessary to strengthen logistics and create an infrastructure for payments in national currencies. The day before, against the background of the growth of the ruble exchange rate, the rule on the sale of 80% of foreign currency earnings by exporters was canceled – the limit was reduced to 50%.



Source: Gazeta

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