fakes. president of the russian federation, vladimir putin. the president of the multinational state of bolivia, luis alberto arce catacora. president of the republic of zimbabwe emerson dambudzo-mnangadwa. the moderator of the plenary session is sergey karaganov.

and good afternoon, friends, yes, dear gentlemen presidents, and dear colleagues, dear friends, and i have been given a great honor, and it has been a great pleasure to take you to

my homeland, my homeland, spent 10 years in one prison, two in another, survived , had two death sentences when he became president, he overturned the death sentence on his side.

good afternoon, dear friends, colleagues! dear mr. abse, dear mr. manangawa, dear guests, friends, ladies and gentlemen, i am very pleased to welcome you all to the twenty-seventh st. petersburg international economic forum. this year, over 19 thousand people from more than a hundred countries around the world became its participants and guests. these are shareholders and leaders of leading companies, recognized. experts and analysts, political, public, government figures. traditionally, the forum in st. petersburg provides an opportunity not only to establish business contacts, agree on cooperation or launch promising projects, but in an open discussion to exchange views on current trends in

global and regional markets, through the prism of economic relations, to look at the processes that are developing dynamically in the modern world. we see how a real race has emerged between countries to strengthen their sovereignty, and at three key levels: state, value-cultural and economic. at the same time, the country, which until recently was the leader of global development, is trying with all its might, by hook or by crook, to maintain its elusive role as hegemon. in general , there is nothing unusual here when it comes to a country or a person. in their lives they try to maintain their positions, strengthen them, but by crook it’s bad, by crook it’s good, by crook it’s no good, and here we, of course, see that already now the number one economy is china, and with a large

ahead of second place, india is third economy of the world and a global leader in dynamics, and is a global leader in development dynamics. the countries of south asia and africa are increasingly making themselves known, where there is a high birth rate and a still low level of urbanization, as well as rapid, catching-up economic growth. according to experts and specialized specialists, it is precisely such states that will determine the global economic picture in the middle of this century. i would add that the world is now experiencing explosive technological growth in almost everything. spheres of life, it seriously changes management, production processes and even entire industries. it is obvious that those countries that not only produce new solutions,

but are able to ensure their rapid, advanced implementation, will be able to take full advantage of technological progress. russia has proven a high level of readiness and receptivity to technological transformations, we... see how our financial sector, e-commerce, transport services, government systems have already changed management, similar processes are beginning to unfold in the armed forces, where we also need a high rate of technological renewal, this is the most important, defining issue for our country, i am confident in modern conditions, in the long term, its role. the weight, and, i will say more, the future of states depends on how effectively they can respond to global challenges, realize internal potential, use their competitive advantages and level out weaknesses, maintain and strengthen partnerships with others

states. in february of this year, during the address to the federal assembly , key directions and priorities for russia’s development were outlined. a comprehensive transformation program has been formed to completion. of the current decade beyond. the format of the forum allows us to focus specifically on the economic agenda of our development. on the qualitative, structural changes that are taking place in our country, and which we intend to actively support in a targeted manner. unite around them financial, personnel, organizational resources, both at the federal and regional and municipal levels. implement. national projects, which was discussed in detail at the recent strategic development council, what changes are these, what are we talking about? first, taking into account the international nature of our event, i will start with foreign economic relations, with the positions that we strive to occupy in

world markets, and how we expect to change the structure of our exports and imports, despite all the obstacles and illegitimate sanctions, russia remains one of key participants world trade, actively develops logistics, geography of cooperation, thus strengthening our relations with asian countries. we must first of all pay attention to

the rapidly growing countries, they will have to determine the future in the global economy, today they already account for 3/4 of our trade turnover. we continue to work effectively with our eu partners, ensuring a balance of interests of all participants. last year , the total gdp of the countries of the union. grew by 3.8%, and the volume of mutual trade by 4.7%, and its structure has improved qualitatively, namely the supply of finished high-tech products has grown, it is precisely this kind of non-resource, non -energy export from russia that we will actively support, in 2030 its volume should increase by no less than 2/3 compared with...

offer other countries full-scale technological and industrial partnerships, including ensuring the full life cycle of goods and services, with the training of national personnel, localization of production, engineering support, technical services, insurance and so on. such an approach to cooperation on equal terms, the transfer of technologies and competencies, and not their monopolization, allows us to establish...

new markets requires strengthening transport links, so in the eastern direction to china, to the countries of the asia-pacific region, the main project for us is the development of called the eastern railway range . in april, the parameters of the next, already third stage of its modernization. by 2030, the carrying capacity of the eastern railway range should increase to...

we will pay special attention to the southern direction, plans for the development of an international north-south corridor, as well as a corridor in the azov-black sea direction, have already been approved; the northern sea route is becoming a popular global artery , last year 36 million tons of cargo passed through it; in this regard, we will form a commission within the state council for the development of the arctic regions and the northern sea route. generally it is predicted that by 200...

reliability and trust in western payment systems have been fundamentally undermined, and by western countries themselves. in this regard , i would like to note that last year the share of payments for... russian exports in the so-called toxic currencies of unfriendly states was halved, at the same time, the share of the ruble in export and import transactions is growing, today it is approaching 40%, but from the twenty -first to the twenty-third year, the share of the ruble in payments for russian exports has grown

almost three times to 39%, three times. together with our foreign partners will increase the use of national currencies in foreign trade payments, increase the security and efficiency of such transactions, including through brix, we are working on the formation of an independent payment system that is not subject to political pressure and abuses of external sanctions. let me remind you in this regard that brix is ​​set to work this year. new members have joined brix, these are saudi arabia, iran, the united arab emirates and egypt and ethiopia. so thus, the share of our association in global gdp has grown to 36%, in the planet’s population to 46%. at the same time, brix has great potential

for joining new participants, and such is the desire of interested partners for development. the second significant structural change is the achievement of a new quality and content of economic growth in russia, changes in the sectoral structure due to the active policy of supply-side economics. at the end of last year, as you know, russia’s gdp growth amounted to 3.6%, and in the first quarter of the current

year 5.4%, that is, our rates are higher. the supporting industries are trade, hotels, restaurants, finance and other services. we have dedicated and set a goal to become one of the four largest economies in the world. by the way, according to some data, including estimates from the world

bank, just last week, the world bank. made additional calculations and put russia in fourth place, we were ahead of japan, russia ranks fourth in terms of gdp, in terms of purchasing power parity, as i already said, ahead of japan, but what i would like to note is the point, of course, is not in the systems of assessment and calculations in... gdp and not even in the formal entry into fourth place, we are somewhere nearby, russia, the federal republic of germany, japan, the difference is small, we are ahead, but the difference is small, but at the same time, we understand that leadership positions need to be constantly confirmed and strengthened; other countries also do not stand still; it is important for us

to ensure consistently high rates and quality of growth in the long term. this is what our task is today, and the point, well, the point is not only in those standing next to us scale there is the economy of germany or japan, the fact is that other countries do not stand still, indonesia is stepping on everyone’s heels, the population is growing, the economy is developing, so we must never forget about this, the solution to this problem requires strengthening the financial, technological, personnel sovereignty, increasing production... supply-side economic models, including a reduction in the level of imports to 17% of gdp by 2030, the dynamics in principle are good,

look, in the ninety-ninth year the share russia's imports reached 26% of gdp, in the twenty -third it amounted to 19% of gdp or 32 trillion rubles, that is, as i already said, the dynamics are absolutely positive, i emphasize that the share of imports should be reduced, of course, not due to administrative, protective barriers, and thanks to our own competitive production, ready to meet internal needs for products from the manufacturing industry, agriculture, services, it, and many other industries, a successful example of such strategies, uh, we can, we can have many successful examples, well, for example, in the agro-industrial complex we have created a modern meat industry, its capacity has almost doubled in 15 years. today russia

ranks fourth in the world in meat production and is increasing the supply of these products to foreign markets. well, by the way, russia has achieved 100% self-sufficiency in meat consumption. in russia in 2023 last year updated the record and exceeds 80 kg per person, but for comparison in the world in on average it is 42-43 kg per person. i would like to repeat that our country will be able to produce more consumer goods, machines, equipment, vehicles, medicines and so on. to do this, it is necessary to launch new projects, create modern jobs, and... everywhere in all regions of the country, by 2030, investments in fixed capital should add 60% in real terms to the level

of 2020, but we here are all literate people, everyone specialists understand what investment in fixed capital is, why it leads, creates, what preconditions does it create for future development in the medium and longer term, in recent years in general... to emphasize, in general, everything in this, in this most important area , worked well, in 2021 the plan was 4 .5% investment growth, in reality it amounted to 8.6%, in the twenty-second year, the plan of 9.5 was actually 15.9%, in the twenty-third, the plan was 15.1%, in reality it turned out to be 27.2%.

share risks with investors, as the fund of funds of promising industrial and infrastructure projects has already started, we we discussed its parameters for a long time, there were disputes in the government, we coordinated this with the business community, those who took an active part in this know that they are in this room, private investors are actively investing in the russian economy together with the russian direct investment fund. this is another area of ​​work. the state duma is considering bills that will expand the mechanism of public-private partnerships to

industries, etc. demand for placement of shares of russian companies during this time, it consistently exceeded offers. the task has already been set: by the end of the current decade, the capitalization of the russian stock market should approximately double and amount to 2/3 of the gross domestic product.

i ask. the government, together with the central bank, propose additional measures to encourage companies to go public with their securities, including the need to think about compensating the costs of initial public offerings for small technology companies, this is a call to the ministry of finance, to the central bank, the company's costs, including those associated with bank transactions, placement, and so on, need to be maximized.

their indicators, i propose to fine-tune it, namely, to increase the period of co-financing of citizens’ savings. now it is 3 years, i think it is correct and reasonable to extend it to at least 10 years. at the same time, i ask the government, together with the central bank, to consider additional incentives for business so that employers can also co-finance the savings of their employees within the framework of this program. well now taking into account the deficit. labor force, this will be appropriate and will even benefit the enterprises themselves; it will retain workers at home. i will add that this year a new instrument, a savings certificate, will be introduced, it will allow citizens to place funds in banks for a period of over 3 years, and at a higher interest rate than on ordinary deposits, although now the deposit is quite solid, our leading financial institutions

also ... sber has increased deposit rates, now the best interest rate is 18% per annum only up to 30 june, have time to open a deposit brokerage account in order to receive three sberbank shares as a gift, the deposit is the best percentage, one of my friends went to the wrong area. eh, boy, there is a call, but i myself have zero, but you have a megaphone, mega strength communication at zero is already included in the tariff for free, our subscribers

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