it was your colleagues, dear friends. yeah. there's something about change shoes. hayes. they have the great honor and the sudden i grew up and it was i wish to and i have that tremendous pleasure and uh, uh, the issue. so you can moderate this session. we think he has this issue, this will be in which an interesting session which in a group where we have a very interesting group of speakers, unfortunately, church. so please allow me to start with god. we're at the opposite president. and then that way, he's a legendary person to be honest, because don't make a lot of sense. the last little leader of the african countries as far as the changes, as well as his whole life, with weapons, with arms and his hands as we were doing for the independence of his motherland. but the real jesus, louise spent 10 years in one jail, 2 years in another jail. he survived that and how it, integrity,

to death sentences that when he became the president, he repealed the death penalty for his country. i'm going to shoot you this. the can usually will be very interested because that's kind of some of the president here. and then on was account most of his experience that he can share with you. so, but some countries on this option that has been under sanctions for many years, because they've managed to nationalize the assets of why colonizers, president, police are say, an outstanding economist. but the are the descendants of these people. it's a font together with great shame on boulevard for the independence of the use model, and i'm little less dramatic destiny still and, and impressive, and full of victories besides, when will you go to so many years for 15 years and he was it as the minister of

economy and finance of the country. so throughout these years, the spelling that most of the country and that has increased his it was g and p as one by 3.5 times and decrease the number of point pico by 2.15 times the security in the conducted wonderful reforms. so it is very interesting reforms, including national nationalization of the assets of foreign companies as minerals was very successful in, in port substitution will be very interested in learning and he's excited about his experience as well. i think that president clinton requires no p r. i am a citizens of the states that he's the president of union. so it would be possibly inadequate to praise him. but i remember in 19981999 when i wake country was on the brink of

possibly be on the brink of collapse. it was a very tragic situation, and i remember when we fought in almost hopeless fight, we submit a certain point in time. god, 2 people decided to allow us to take p t on us. but now i think present putting you haven't even more difficult task that only to be victorious, but also to save the world that is falling to the brink of the global war, but maybe lead, speak about something else. right now present. you have the for the, nobody knew us. i mean there was yeah, can lead to friends or that will exist, but you and i'm wondering since i would say and then go by someone got way that i

the boys afternoon was yes them your guests friends are late isn't just let me see if was i'm very happy to welcome you to the 27th centimeters back international economic for him with them. but do you see a guesstimate specialist? we should get a minute. spence include, he'll leave you. is voltage over 20 percent of 812000 people from over a 100 countries. these include shareholders and heads of leading companies on the need to get pretty famous experts and analysts. political you see for them. and they were to say, well, activists, and i believe you said, you'll do this as an opportunity to make a business contacts, to 60 and then play and start a new corporation initiatives. and you have some new projects up to one and have an open discussion left button. the key on the relevant trends were spin, regional, and the global markets was due to the prism of the can only collections. we can do it to me and then look at what's happening, medium cutting, today's dynamic. well, let me say should we see a race between countries assume to strengthen this over and take

a look. what happens on 3 key levels of the state level, particularly the level of values. we have them put on the category issues and they can all make level need you to need countries which used to be the leaders of global development. but i, with the only recently now trying to use every means available to, to grasp when you have the stores and retain from their head you money, which is slipping away from them for those. so that is not surprising if they're trying to strengthen their positions, like anyone else for them, but they're using good. any kind of means including unscrupulous means and that's not a good thing. so we see that. so i do it to get tape. it's your economy, number one is china and you create, you can use the 2nd is india and you to put them in at some distance. and the 3rd place i remember you didn't really get them. could you let me get us is also significant, significant, other countries of south asia and africa are increasingly families make that sounds

no easy if they have as upset. there's a rising bus rates and the low level of organization and their economies are only catching up at least the, even the key. this was the experts say that the business, these countries that will define the global economic picture in the as soon as in the middle of the century, us median. the dates that when we picked today, we're seeing explosive theater, g technological gravest lemming yet. but we can go areas of life, but he's, which has been changing, managerial, and industrial processes, advertising industries. the media must pause it. it is obvious that to, to use the full capacity of technological programs and we just know, wait issue in the countries must not only produce new solutions, but also shift of new the implemented because the was looking at a quick pace. he was russia has a proven to fully understand that it's a highly prepared and susceptible and sensitive to the new development seen on the receipt. we see how the financial sector has changed. you can ask,

but he comments similar to some transport services and the state governance mission . note that was about actually all the sectors are coming to fuel a similar processes underway. we can take him from forces knowing which also requires issue. i put it in a high rate of modernization down the street, and it is a crucial issue. even though our country even though goes on show you the other one you that's the roll. the weight and the future of the country in the long term will depend on how effective the country will be able to respond to, to the global challenges for you to realize it's going to potential to use. it's competitive advantages to continue to use the machine because of its weak sides feel so that they're not happy with the progress this year. and if you 3 my address to the federal assembly, i outlined the key goals and areas and i'm up for russia to come to a technician formulated the developing program you until 20. so that's the end. beyond told them up was whether it's village accept this or,

and then you just get by use allows us to focus on the economic new york agenda on these different qualitative and structural changes happening in the country or but of them. but you and we, which we intend to have the support team out in target to have that. or we can use it soon to consolidate the human resources and financial resources at the national, regional and municipal level session. but the template and special projects. and as the recent council on strategic development emphasized action we do, and what changes switch with them and like talking about 10 or tasks, what you're considering the international kind of just this for them. i will stop it from 3 minutes to the furnace. as you know, we put it in the goals in terms of international roland position on global markets and how we intend to shoot that change exports and inputs. despite all the challenges as far till the college of the teacher functions refresher. still one of the key participants in global trade like used to actively developing logistics and

at the geography of us cooperation. i z deepening its ties with almost asia, lots of seeing a growth over 60 percent of these us to from 2020 to 23. the middle east has seen doubling growth against came interested on the left america look at the 42 percent and not the same. a growth in africa for almost 69 percent using bubble is that through the gas, it is for him. the presidents of believe the ends and by the way, i'm sure willing to just touch upon this in their stations as well, even though you to the family nice of them. but if you get a, which are relations with friendly countries, from the countries who are quickly growing, right, but it states, it states that particular very significant and it is these countries, hopefully some of the future of global economy. i'm not sure what they can account for the 3 subs very bought tre, turn off the already today, and we'll continue to work with our new funds. did use this ensuring

a balance of interests, but also i'm going to hold as members of we have for the last year. where doesn't judy p o, d, u, members reset the crew by 3.8 percent and the mutual trade see through buying 4.7 percent to put a crash and the trade and excitement was to be significantly improved. just real quick. do you feel like you should value added high tech productivity with, you know, next commodity? would you mind giving the products that they should pops up on the central human doors and really seen even by 20. so that's easy, easy. both of them use it. they should, but it's a mouth will grow, but you have them by 2 sides compared to 22023 really junior experiment 1st though, and we're not only speaking about increasing export ways in terms of time. it's a little cubic meters. so what of or units? uh you should use of products or what? what's left with talking about you and your high value added products again, i see if the company and no way glovebox finished product usage of being supplied to global markets. and expanding was geography. and all of that is important

because like a lot going on when, but we're not doing enough. yeah. just make sure that you are willing to offer the full scale these industrial corporations increased throughout the country. a lot of including providing the phones on the production cycle and localize in production need to go and support and the name, excuse me, providing engineering supports co, technical service, insurance and other service. once we have different distribution amc and cooperation when the police that's and i was wondering, i know sharing a lot of these skills and we're sure and not monopolizing ways you've seen about developing a high value how to do business that i will, the competencies notice something that opens up great vistas and in the end allows us to, to start the long term projects even though either shit and it is with a long term outlook. i mean the, that's one of our leaders, including the ross out them. state company is now acting as

a most of it is certainly a lead us to a, in global nuclear power plant instructions will be able to grasp telephone new market. second was required, so increased transport and it's about a task again that china asian pacific, right. something else, the later regions where we will focus on the developing our railways. actually we have a recently approved a show to it's up. that's the 3rd stage of modernization for the real we network. but it was my, it's supposed to be in that region by 2030 over the capacity to do a foot. the c team will travel 212210 1000000 times settlement and by 20 to 32 from drew back to we. would you mind 270000000 times the southern direction is also important. matter. we have already approved the plans to develop the north south corridor most and the as obviously and the black sea route. so it's a c, but we must wait for the north syrup is increasingly relevant industry last year,

feeling good was of a $36000000.00 if you call goods. what transported along the route took the dcf and you do enough to and intentionally bulls on the good carry up to 150000000 tons through it, transport them in the infrastructure will be improved. new approaches will be made at 2 o'clock at ports and it's a special role is played by heads of northern regions for me to him. but i'm, and later in this regard, we're creating commission as part of the state council is to develop the optic regions of the northern. so you're going to get to it just the piece. if you need something by 2030, you did, you expect to use a little that sort of thing and they took a volume of transport to do what i see you would assist in special transport chord doors, revenue through russia. you should, what's the grid? more them by one point defines issues, but we've time some good, it must bustle compare to 2021 equal, including by increasing the competitiveness of these routes or attractiveness flash and it calculates but a good. yeah, input of june of this is that has to be

a very important issue is developing to trends, boulder containment infrastructure. they did as no secret to look through some steps, reliability, antenna, a trust in the west and payment systems that have been undermined to meet your still little supply. the western countries themselves. i should of this year. i see, see if the share of the sacraments fusion to 2054 in a circle to toxic currencies, which russian exports. i still have dropped 50 percent of the share of roubles exports and import operations. rebecca is drawing is nearing 40 percent with lots of the other one wants to take good, good from 2021 to 2023. that i see, excuse the share of roubles in what came into the russian exports has grown products and it's almost doubled. it's almost triple just me, but if new to me would you and that i should be and is now about 39 percent of what question would attempt to grow the share of national conferences, you mistake and increase the safety and deputy ex efficiency of these operations

including as part of bricks year's new independent payment system is being considered that will not be susceptible to political sanctions and to external sanctions. so with this question go through what i'm looking for this year. kind of which is part of the bricks, activities that explicit news movie, which is we will have having a saudi arabia around united auto bamber. it's egypt. and if you'll be doing the next one of you as new participants, we on this way, we are slow on sharing global g p because grew to 36 percent and you know, and shape population of sales. this is now 46 percent true, but then so the piece we do some bricks has great potential for a city for inviting new members that as we did and the continued the contact there is no shortage and usage and but he is home with him for those who wish to join, then we are going to welcome to the machine. yeah. but at this expansion, workable boosted economy. keith, we have support bricks, initiatives,

not only in economics and finance, but also in security and humanitarian corporation. we have these as well as other sectors of you've given this been been we will consider the a solution for what existing trends and that some of the challenges it can look and find ways to stimulate specially economies thoroughly measurements and disregard. i wanted to speak about the secondary structural change by a change in your us receive of the quality to even if you can on the growth in russia, changing the industrial mix and with the economies of supply and demand. last year, the growth of russian gdp was a 3.6 percent. as you may know about those and we'll shoot and the 1st quarter of this year, you should see that it was 5.6, a 5.4 percent. so the will show you. so we are growing at a rate above happy delete the world average usage. these dynamics are not caused by commodity to affect us, which is important to the 2023, but it was to, yeah,

will i be patient? not sort of g d, p growth wasn't the positive and the rest of them is 45 percent receive cost by a basic effect. as such is the processing industry, logistics, communications, agriculture, a power generation and utilities get to 61 point one percent that will go over the existing. and so just put on a few months. it was hotels of trade, restaurants, finance, and others. we have set a goal to be one of the full biggest economies of the world and getting the bunk according to some estimates, including the wilmont bank estimates. whichever one is you'll need to me, but i sure made it additional calculation last week. we and now the for you. so we are ahead of japan.

i see the you might you 2 or 3 minutes to meet a bunch of getting his ranking for him. purchasing power parity is i have them ready to send. we are ahead of japan, but here's what i would like to mention to you, but i sure it's not about calculation so genetically or doubt asked them in. so it's not about ranking for i see a we are near there, russia and germany. japan video, for instance, small we already had, but the differences small, but we understand the elizabeth was bad enough with this. leadership must be reaffirmed. at old times it must be strength and brain for us because the other counties, they are not staying fluid. so we must to continue to grow in a quality manner in the long term planning. that's our goal for them today. but the push kind of get some economy for you. i mean your band, when it's not because germany and japan done are near as other countries are also

continued catching out, indonesia is growing, there population is growing and their economy is growing. we must not forget about the assembly. what can you put in a few non to accomplish that? we need to strengthen the financial, technological, when personal and sovereignty. we must increase our industrial facilities in our competitive edge of our russians commodities, both at the external markets and at our domestic companies market. and this model is developed based economy model is developed in the states using yeah, what do we get? we need to decrease the level of input to be too rich, 17 percent of to, to be by 20 to 30. the dynamics is good to 1999 the share of the impaired in russia . that seems originally the 26 percent of to be in in 2023. you know, it was 19 percent of the 2 to be, or 32 trillion roubles. so those that you may make, as i said,

when you have the trend, is that it and the trend is a positive. why? because the share of being for a truth must decrease, not by some administrative matters by some restrictions, but because we need to remain competitive. we need to satisfy enter in demand in the commodities in agriculture, in services, in the products and in other services, and a good example of such a strategy. i can name a lot of talking to bidding a successful example. this, for example, in agriculture, we have established the state of the art media industry. and over the 15 years it's almost doubled in size made. and it's what the facility is. now, russia's ranking for in meet production, and it is increasing the aspirant sales made to the external markets. you know, so if i see a wish lynette stupid soup and brushes now, substance can fully. so despite the inner demands we've made was to consumption of

made in 2023 the last year. but it was such a new records now it exceeds 80 kilograms per person, median city. just to compare it sort of take a look at the world, on average. it's 40 to 43 kilograms or so. then i would like to repeat our accounts . we can in the world print use more about commodity is more machines more and the cause more madison's and so on. but for that we need to launch new projects. we needed to trade more jobs. you happy where in old the region. so the count rate itself and we will buy 2030, the investment in the main copy those months. but i sent the company a number increase by 60 percent. so if there were more than to the level of the me, this year 20 to $20.00 governments. and it's just incentives to when you want your own specialists here, you know what it means. you're investing in main capital cost suitcases. they want to be sure. what else attention it generates for the future development over the last year is different. still not the overall with them, not somebody's nation,

but only in these jo, essential track. we were just for the what was in 2021 of the plan was 4.5 percent of investment road. so sales was an issue, but it's and in reality it was 8.6 percent in 2022. the plan was 9.5 and reality is about 6015.9 between to 23. the plan $15.00. and in reality we had 27.2 percent. but of almost 2 times it's higher than the amount we plan, which is a very good indicator can use in the east. it's only a few minutes. this might be of course, investments must be supported by resources. i have already said that we are going to build a key of additional funds to develop people to an industrial mortgage loans. almost by 2 times, we're going to use the funds for developing industry you still did as we are going

to establish that was the factory of developing the industries we are already implementing the projects clearly within the amount of 2000000 roubles. so i suggest to continue to increase these funds to reach 600000000000 robots and the 1st phase. yeah, and it will allow us to support the goal separate projects to reach the sum of 6 tree lane robots. each and important goal is to increase the banking loans for the technological solver and projects, and we are going to fine tune the so called text. and that means that you, it's bundled in the middle of the season. the projects like the days i just get it and then we're going to build the system. a priority is to enhance investment, to provide to the key industries and taking the logical projects aimed at the structural changes in the economy. we are going to increase the number of projects that are going to be covered by the system, which will allow us to look at additional resources to implement these projects.

the state is ready to share the rates us with the investor as well for form that we already have seen in the fondest funds on promising conduct, throw in infrastructure projects. we have discussed this through for a long time. it's parameters and she's pulled in the government. we had a lot of the arguments we spoke with them on to the business circles and those who wasn't to have to do the part of these discussions for a world bad. just as soon as he's get for them, but he was and now they are working with the direct investment funds, which is also one of the avenue so far a word company at the state duma, the red draft laws that will allow us to expand the max and he is themselves a partnership between the state and drive, it's entities for the aviation and space industry. in the near future, we plan to adopt as laws and to support the investment activities. and of course, we need to develop the capital market. but we'll show you where you want to enhance its volume using the same used to make it attractive for the businesses for the

investors. and we need to pay a special attention to the way to steam. cameron sausage that the citizens are getting from these assets sniffing yesterday afternoon with the guys name. we have now with the total volume of the private assets. so same 3 by 1.5 times. and now it's more than 9 trillion drivel. it's not, and the demands to you companies that they've been a pretty with shell, the blushing demand was higher than that, and then the offers. we have already set this task by the end of the phone doing what and could i see that in 2020 is the capitalization of the stock exchange. you must be doubled and it's minus 3. so level of 2 3rd. so the thrust of mastic project we develop new design strong as a government and the federal bank to suggest additional mattresses, to encourage companies to release their charity to the market. and we need to think about the compensation and re many ration company at the all the south for it for

the smaller scale company is i'm and certainly more bronco. yes, the company addressing the finance ministry of all the coast sold expenses that are related to the as the must be decreased. this is pretty to connect you not to live in a way. and even if we need to see the long money of this markets, including the long term savings of ours people of our citizens starting from tenant refers to their product 2024. we have launched for a special program to support long term savings for our citizens. now they are insured and co funded by the states. more than a 1000 publish it no longer we, which en cute penance to receive a tax deduction on these savings. the program has only just begun to work, so we need to find 2 and even more to increase the co funding period for the savings of the private entities. and now it's about 3 years and we need to expand it to 10 years simply as

a system. and i would like to instruct the government and the central bank to think about what additional the mattress sells. and the employers include co, fun the savings of the employees under these program, considering the shortage of the, the labor force. it would be useful for the companies for the enterprises because it will allow them to retain the doing with that sort of template way is good to me . soon this year we are going to have saving certificates, which will allow to, which is where the, the citizens to boise but to save their money in the bank for the 3 years at a higher interest rate, then common depositions of in the system, the vo, the current templates are also at a good level, but we see from and this rate is being brought higher and higher whether they have grounds for these or not. i don't know budgets for the good stuff, but it was just depends. but for those who are holding these deposits instruments to us, so i've been teachers for them. the industry police with,

with us the series is really about i just did not want them to see and say the language wants to be at the taking all the resources from the advert bangs. but what we'll discuss it separately. life insurance, this is something that we've also discounts of a concern. speed will be investing to more profitable assets and there are going to yield profit to those who binders. insurance is so we are combining the classical insurance principles within the new investing principal. and so that we could look at additional insure, the return home theater. but it was about the investment in this that i am assuming, suggest do have a state insurance for that. 2000000 800000. it is an interested soon read those which it and now we have the mechanism of the investment deduction at the allows companies who invest in the development where she, what would we to reduce the tax, the particular luggage to receive it. and you get to use the, the vance program worse for the, to the logical solver and to project,

to allow us to control the quality of the investment, to give additional emphasis to the expenses the company reaches more than the blue line. do you mean you have silver and i would like to suggest an option to use these introduction not only within one company, but within the group. it's company essential to look for additional tools for this tax reduction program and then disregard that would like to remind you about the decisions that we have already made and the regions can allocate to cover the is the interested. so in the which to chance a small so thing come up with you lose some of the funds that they have after the bunch of loans. and since i've been breaking off to the finance ministry, they decided to make this decision. i think under the current conditions document is a well grounded decision and it will help all the accuracy of the comic activity will also make about this later. you. and other than that, on certain that the regents will support the investors directly as well from their

budgets and the regions. but you're going to have the bigger and bigger bunches with every year. and as for the investment tax deduction in the regions, and in addition to this, we're going to introduce the federal tax deduction. we see under the adjustment of the tax system that we have, we need to encourage the business to invest more in the development to the bank that you guys sent me, the businesses more, they quote more affair to deliveries the gaps between the citizens. so you need and we need to to determine the parameters and the volume. so the federal investment projects to make it efficient, to deal with them to make it's required for them as a tool. and we just, we have to figure it out super by just dealing with them and to think we can using got it. yeah, let me just think about our business mechanisms. so there is um, investment standard program, and that's the business. it takes into consideration recommendation from the business. this comes up we.