it's of this modernization and the very fiery that. those silos those aircraft those submarines can be. repurposed and modernized back to be used with nuclear weapons and so far there is no way we can verify that so we do have certain concerns but dialogue is underway and i hope we'll be able to work out the situation please continue so in the july issue. discussed digital economy at one of the council's office of strategic development and referred in that it is an interesting idea. that there are too many regulations in the digital industry and this could lead to. anarchy. using digital technology to do illegal acts including anonymous acts. that it's easy to provide any examples such as for example terrorism through

messengers such as telegram drug trafficking which engages hundreds of towns and. so the question is the following how can we maintain this balance between the. legal regulation and. maybe too much legal regulation for example with regards to crypt occurrences and. on the one hand on the other hand the development what do you mean by referring to curb to currencies where well we don't have any legal documents regulating cryptocurrency us right now we don't and you think that we should have one. but i do believe that we need one well it's up to the central bank pretty much to set the rules for currencies and. if you. and the central

bank has enough authority to take care of this situation going forward i think of course we will also need to. amend legislation the central bank has stated its position on this matter the central bank is quite conservative as is the russian government and i think we have every reason to be conservative at this point because we know that. there is nothing. to back up crypto currency that cannot be used for deposits it's not secured by any assets. in. certain situations it can be used for transactions it's quite easy to. use it for payment but you can't use it. as a reserve currency and it's extremely volatile you can get rich quickly and then

tomorrow you can lose everything. and then just like with those people who call in who are activists call investors in. additional construction projects if there is not enough regulation the government will have to help people who are find themselves in these difficult situations where all their money is gone at this point. the people. the people themselves who are responsible if they lose their all their money and then if we don't have. proper regulation we may run into problems which we may have to sort of you know we've been talking. telling people that they should not get a mortgage in a foreign currencies with these you shouldn't do that because. only those who are

paid in hard currency should do that and then. people forget about that then they still get their mortgage in dollars euros they never listen to our warnings and you'll know what happens afterwards but then when the this happens do you want to help those people and. that's the way it has always been and the government will also always have have to help such people so what you want me to tell you what kind of law do we need it to regulate. digital technology well i can give you an answer right here right now if we need to experts to do their homework. too much regulation. limits. to prize limits you know. how business is sometimes you need certain restrictions but you know by the time we did the the law of the bill is ready he had so

obsolete. it's no longer applicable and with digital technology which develops so fast this is especially true so yes we have to consider of course. but you. we shouldn't make this. bid. at the same time if there is a regulation we definitely need to do something. can there be any measures taken by the government to support those who want to participate in this from but from the business circles there are many different areas theer digital technology is so diverse. you may take. any area and there they all require special attention for example or you may use digital technology in the industry. and i don't particularly interest. good in that.

you know i also get to study this matter a little bit but i'm not an expert but what experts tell us is that at this certain time any product any product will be digitalized and. it will be in digital platforms and it will be impossible to build anything without using those digital platforms. and those who have those platforms who will rule the world. much like you make a car and then you want to modernize it about. modernization and will be carried out digitally it will be carried out through a platform that stores all the information and suppose let's say you want to change a bolt or a knot in the car so you have to go to this platform and work through this platform wherever owns that platform rules the world. so if we miss this point

then we'll be lagging and we're not there yet and i hope that we will miss this point in these such platforms are evolving in us in europe and we are currently working on developing such a lot from unified but form within the eurasian economic union then we can do that we can do this in a fair way by sharing risks and activities among all the members of the union. with. so we no longer slaves to existing platforms we want to create our own platform. the savings banks burbank has made. significant progress in this matter and we have people in the government people. in the president's office working on that now with the commerce again companies like. ali baba they use this technology

e-commerce gets bigger and bigger but this is no longer just commerce. this is broader platform for services for transportation whole sorts of things so a lot of different components. because it's and it is equally important to use digital technology for transport for example the movement of goods. and. combining all sorts of transport. air transport. trains. trucks a few days done digitally it reduces costs dramatically dramatically. coupled with a nano technology and we need. gene editing technology.

and digital technologies the future of mankind do we need regulation for that of course but first we need to understand what needs to be regulated and of course the big chunk of job for professional so we are aware of this we know what it is what needs to be done then we need to where we need to go but this is a lot of work we. put in soon no much in march we're going to really it was too little. the full the elections in italy the belief heard voices saying that we were somehow meddling in elections as well have you heard about that. yes i'm aware of that and we know what is happening in some european countries in italy in germany for example. before the parliamentary election and now they say the same thing about eataly there and the goal is the

same all the time first of all our relations with able we are very good. and it's worse we talk to different political movements in italy like i said out there have very good relationship with mr berlusconi and mr prodi even though they were. and they still are in. the different meanings of the political spectrum they are rivals but i have very good relationships are with you both of them what this means is that. there is a national consensus both in russia nearly bottle up. a lot of all ties about developing our bilateral ties and we really appreciate it and would it would never occur to us to meddle anywhere including needle it would never occur to us because. our good relations with italy matter to us much much more and there's no point for us to meddle there because we know that whoever is in

power in italy there is a national consensus in italy for building ties with russia and on the whole. you know that. russia eataly ties will develop in a positive way why would we do that that's a provocation in the end their goal is to undermine. this consensus for developing ties with russia they do this on purpose because they want to target p.t.o. the current level of our relations this is done by some forces outside of italy and not in need to lead self and we are aware of that and we know what's going on then we keep this in mind when we work with our italian partners we maintain contacts with many political parties and intelligence services in italy we have been offering all along and we just to renewed this offer recently to set up

a working group for example on cyber security. to do it. he said you know to to work together on this matter in a transparent way. in order to work on those threats together. with mr putin i have to use this opportunity. i would imagine it is a difficult time and. even though we are. they calling me is written in the crisis is over but we're still awaiting for the. you know. sorry to interrupt but you know what we need to maintain our growth rates in the economy but we have one point six percent. growth in g.d.p. agriculture grew by two point five percent. and gently the budget

deficit is only one point five percent and the year before it was fifty percent. inflation is at two point five percent which is an all time low. which from the coal this indicates that our situation looks very very good. and that direct investment grew by four point four percent. what this means with one point six g.d.p. growth is that direct investment grows above above. the konami growth which means that we have a strong foundation for further growth. so unemployment is also. quite low so we should be quite optimistic but of course. this doesn't mean that we should relax we still have our work cut out for us and we are not happy with our growth rates in this sense you are right of course it is

just so i would like to be optimistic. what i'm talking about is that. in any area. i would bring you know sudden benefits and so on and. what i'm asking you is to maybe in which an. additional but unities to make money. what i'm talking about is the opportunities that advertisement give us. there are many ways to advertise right now and if we remove some of the regulations this will be able this will. allow was the media both brain and online media to. was more than to have additional space for example we have the world cup.

coming soon and maybe we should remove some of the regulations regarding alcohol and tobacco. not just to back about alcohol for example. when you might. need to give additional herdsman to the crime in winds.