and now bad during the autumn to johnson, there it is, all the law enforcement agents and to create modern contemporary business environment and should be the primary down by the regional for them with you soon. the or it is in a cannot make or, and we talked about those regions and we mentioned those regions cheaper than those that had to be met with progress in this area. and we have some changes in the top 3 layers of moscow and terrorist and that are still the leaders this year was joined by moscow region. what with us, prison from the last here from the you claim number 8, they reach the top 3 among the leaders we have until the region is not good. the region, not good region island region, st. petersburg and the republic of a bus. curtis. and i would like to mentioned those regions who progressed the most . i'm talking about the kurgan region, they rate i am an old di region by land 6 places in good shape here

by 24 places. and they bought a region that rate by 17 positions in this ranking. i would like to things them and i would like to congratulate our colleagues from base regions for a word, but they have done you can use a school. but anyway, we should be a special attention and federal government and regional municipal themes. we should support business initiatives by our citizens in small towns you and remote areas. you know, we have such example that says the stories of success, but what i'm talking about in the speech and you creating because you get used to soft word about creating room, environmentally friendly foot stops. and now it's starting to mean production was all across the country. like internet platforms. so they were just moving and we need to create new opportunities. we need to introduce new ways of trade, including a platform. like i said before,

we need you to bring down all kinds of code zip codes. and we also need to modernize the post on the country and we should help them. louis is a self employed people in our country to get additional skills and competence for 2 years. and this manager's aimed at small towns, villages at remote areas. and here at 3, when and i would like to mention them in the national project on developing small and medium sized businesses. and today i would like to address you to them. leader is owner and company. the large scale company is our top manager, such company as your colleagues and your friends, which meet with you, real going wrong success was but he wanted to talk to you and their self respect will longly come when you connect with your future future of your children? and with your model and

family, give me a remote machine. if you need to know what do you mean with the context? we have many of you for a long time now. and i know the sentiments of many owners and managers of such companies, and i have heard it from you on many occasions that would add you a business is much more than just getting profit. and this is true. but changing life around you, you want to control on the pre built into the development of your a city of your region of your country is very important, deserving to your people that this society cannot be replaced with anything. this is the meaning of live. this is the meaning of working and recent events, or is it testimony to what i have said before. it is better to work at home to those who did he to this clear message in the last hundreds of millions or even billions in the west coast. so if you look,

so this is said haven per your capitals, a legit safe haven through your capital. and i would like to say to you when you're dressed of those who are attending this meetings or, or even absent, please do not happen. these old drake, our country, has a huge potential issue and we have enough projects where you need to invest your wrapper into your investment, into new jobs, into a new businesses in the development of reason, infrastructure and support skills, colleges, universities, healthcare called sports. i know a lot of you are doing this already, but i would like to emphasize this one more time because when you marlene this is how crucial in the bathroom and moreover, for acting in the pursuit in the shooting in gal, even a pirate, an appliance, you must be a mom and you call us on a massive when would you see it? sky, many rushing to tar reality. doug gives you don. yeah. could you be us?

shann either june or mean in an other emerging families at the, in the same manner. and they knew that we've been up money for the sentence and still the yard now remembered by the modern society by that today's russia. that's a good. yeah. i think it would be sure which is, and here's what i would like to emphasize. less leading to go for the descendants henschel stores, descendants, inheritance of capital. you should, i didn't know what's more important in mind if they would inherit or the good name and the merits of their ancestors. because no one is going to waste. no one is going to spend this money to buy some lakers will do. she knew li nemea, but something that the future generations, though,

but we'll have a good name. we'll revive the good name will remain with them. and that's something they are going to bring forward, bring into the future. and that's something that will make them stronger. jim, there's that will keep them going, and it is even better than money that they might inherit, or any other acid for property that they might have been inherited august. the 3rd, the principle of our long term development is the responsible and balanced microeconomic hold policy. and these kind of policy allowed us to withstand this unprecedented assumptions pressures. once again, this policy is not only to gave the current challenges, but also it is important for long term plans. and we are not going to follow the experience of the western colleagues who are now do my fallon think and for the balance to their financial system. we want to plan our economy for many years to come. we need to bring away the pressure on the businesses. we need to reach the 4

percent inflation level in the future. national. i have started with inflation, but now i would like to mention this 4 percent. this is our goal. this is our objective. i have already instructed the government to prepare the new budgeting project. we should be predictable in our budget and call. it says that we should create all necessary conditions to use them under the current economic ok to ation . and we need to do this to make the foundational the canonical growth stronger. because this is going to be the foundation, more improving of the well being and the welfare of our citizens achieve. even so it sidled even into the 1000000 foreign currency because obviously those people could do this, obviously if suicide or she wouldn't be. and it makes no sense to do that. but the main principles to the school because there are band money when you're just as much money as you earned and no one's going to deny this because i'm not sure what the

4th principle of malware development stick. oh sure. john is economy growth and industrial capabilities and the scientific potential and become trade in all should have acquired, manifestation in society. this development should decrease the injustice. it should not when you are deepen the injustice like it happens in certain other countries with you. and of course, we are not the best and resolving this kind of features which still have a lot of problems. because decreasing poverty and injustice inequality should be so kind of resolved by improving the demand for the domestic production. we need to create jobs where they are necessary to we should prepare conditions for the potential growth. korea and the economy in the future were real income on the glove and, and because the creasing that for me is the main manifestation of the efficiency

obviously. and overall with, unless you find all the objective difficulties we need to achieve results already here. and i have instructed the government to try to achieve this goal for you guys when we are supporting the most vulnerable people, retirees, families, with children. and those to me who found themselves in the dire religion to ation the pin team. we are, we're increasing the push, i'm going to be in the same, the pension just union the year. we have been to them twice. nobody mean it's been my 10 percent. and we have also demonstrated increase the minimum wage and wages in the movie. it's because it is the basis for a lot of modern social payments and going to put into it. also ro is going to concern the radically the income of about 15000000 people with them. if you're here

in science system to support some of the poorest families with children between they can receive welfare from the government from the state of the pregnancy to until the times that with them the, the child is age. 1717. and so we have the what the problem of the demographic waves that we are facing is a, we've had over 100 less than 100000 near children, born in 2021 which 2022 to one which is less than 2020 and for this weekend we're going to be school should be addressed to we need to take her, i think makes special policies to address that in the future of russia, as with families that have to 3 or more children. and to do that,

we need more than just financial support and we need to realign the entire health care system, educational system, and all other areas of our life. and so that they encourage people to have more children. and we have a special and social initiative real implemented to see by our agencies and in fall we will assess the results of their work. and we try to improve the quality of life across all regions of russia to use best practices and best experience from across the world. and i was another principal, the bips when all of our economy is, sir. of course, the development of infrastructure. we have already increased the of the investment in our transportation and next year we'll the rebuilding of the bulk of our own room, the roads, automobile road, sir and sir, are you in the school?

we are actively using the infrastructure loans as of an instrument that allows you sir, companies to receive a 15 year loans at a low rate and there's a great demand for it. regents have many good prod, it's waiting for launch and they should not be postponed. we will continue to talk about what can be done with that and we've discussed that yesterday as well. today we can see that this instrument overall is, has been very effective. now, housing is an important area that is under invested. we believe that it lacks 4.5 trillion rubles of funding or 40 percent over infrastructure needs to be repaired or changed, rebuilt and only 2 percent are. she are

completely rebuilt with sheer, i propose that we consolidate resources and start with massive program to resubmit structure and reconstruct interest housing infrastructure to rebuild a home school study of sure. it is important to work with you to decrease the r with the amount of food in the percentage of outdated infrastructure or dilapidated infrastructure. and this will go into we discussed it cancel a next week. unfortunately, also with we should get other i proposed to loan ship projects in smaller city is likely to increase the welfare and well being of people living there and propose we allocate opposed to when team more 1000000000 dollars to that next year

. the bali delete on the trillion and the newest additional funds will be sent to rebuild. and i helped the cities of the far east program as we saw you really housing there. and we have specials little limits and has a level with special programs for that. and other priority for us is to develop cultural territories. people living in agricultural areas are people who provide us with food and they must leave uncomfortable environments and we do need a decent conditions. and so i would like to ask the government to we are a marketplace that we get the additional funding program to fund the push it comes on. targeted program would be funded by actually going to stay in the school and your introducing new expert duties for the agricultural project products that we are exporting. we'd also like to expand

a program just to improve the cultural facilities in smaller towns and agricultural areas such as theater, cultural centers, etc. i think my wife like to work in 6 more $1000000.00 in the upcoming 2 years on for that. so i will go with speaking of culture. there's an example i'd like to get to you recently. i guess metal, the heroes label heroes are you and one of the persons i want it was from your katia. remember kyle of it and hear how you ask me to help rebuild the on the home of culture as they call it in this town. and of course we'll help you with that with them. i'd like to also say try q or something. there is a, an issue for you when summer people like to go on

vacations and they'd like to visit us if you are a other picturesque workplace in our country. and it is important that our businesses, that our, our mayors, that our city governments know what can be built where and where can we build, where user is. i can be developing where tourist infrastructure can treat treatments more, more vulnerable, echo system. so, and we would like to propose a special bill that will clarify the regulations when it comes to constructing tourist infrastructure name definition. there's another thing i'd like to add, shoot all the decisions that were made here must be calculated for it. and we have to be very careful when addressing that you watch issues. now, another problem is of course, another issue that we have is preserving the lake of by carl lee,

michael and all of this must be loaded and a leg. lilian is to be protected as one of the greatest lakes in russia and in the world. and the cities surrounding the town surrounding sounds surrounding that lake muddrick, our merchant, tourists vistas and then they need to attract diverse technologies. unclear. we would greenest technologies and we will continue to develop the green and take a logical, friendly technology there in the subject. rece, the amount of waste in one rolled over and produced by industrial centers and other harmful emissions as well. we'd like to establish more green products, more close circuits your project. and so this is something, i'm sure it's all good even a year ago, you should and with

a simple shrink. suppose that unites all of these aspect. then you feel like you misses an image. our technological sovereignty, we need to create a system that in its critical components is independent from western institutions. and we need to realign all areas of our lives with awards, a new level of technology, or he level of my scientific progress so that we don't just use other people's, the products and services. but we have the keys, good them to create these products and services ourselves. they really for the past few years we've, we've been doing a lot in the area of input substitution. but we have done a lot in the, in the health care in the medical reduction of the medicine in, in the military sphere and had other spheres. but you can import substitution is not a cure for all it. so it cannot resolve our problems if we just try to get you to replace other people's product unemotional products with just copies of it. we will

be continued to be runners. that will be constantly catching up with others. but we need to be on the move on the cutting edge, you will need to create our own, the best products that will be our state of the art technology. and for example, matthew survey coral law, the grades russian scientist did not just look at technology sir, was produced by a father, a scientist from other countries. know, she established his own systems to him, and he lay the foundation for cosmetics and space travel for decades. a head of him and the same is something we should do today. so our research and development bureaus are following the same principle. that is why we have hypersonic weapons, for example, or which no other country in the world possess and possess anyway, so we are leading in the nuclear technologies. we have a nuclear icebreaker fleet. and we also have a firm,

our specialists in the area of big data and doing a, a i a some of the best in the world. so we're here to review these our technologies that will define not just our developmental in the future of the entire 21st century. and so we will continue to discuss that at the upcoming strategic development council. it was, there are many issues to be discussed there, especially when it comes to managerial decisions and decision making of realistic. and when it's in, this comes to transferring our technologies into the real economy when it comes to providing funding to those with high tech technologies. wesley's i to companies will to break and confirm what a difference we will continue to address the digitalization of various industries. and if you have more, of course, we cannot and should not try to reproduce word and every thing that we're pretty at as possible to produce. but we need to be able to produce the critical products and

services and infrastructure so that we are independent. and this is exactly what we did when we created vaccines with 1219 vaccine system like you and for example, now we have launch union of many other products and services for the brochures in particular. for example, after the people, the companies that worked with come ars with foreign companies after they left our markets or a in a hurry, we've heard russian companies replace them and in fact, or they have been very effective. we have leaders mirror payment system, a credit card system which should be payment car system, which is has been very successful in replacing the visa mastercard, and rather get a lot of recognition in russia in the broad a in pittsburgh, the odd tractor of ritual factory was slowly actually held was after western, do you put companies that are used to invest in it left?

oh and it's also receive support from of russian ah, companies and russian producers. and they have been very successful again for and we have many examples like that many success stories. and out of that, i'm positive that we will see many more such success. stories in russia has specialist russia has the technology is a great and we have people that are in demand. we have companies, we have production that is cutting edge that are also demanding. and right now, our goal is to establish all the logistics and all the necessary environments for these companies to be truly successful. so i'd like to like what i mean drugs the government tomorrow to mission, as listed to provide a buy for this year. and i see a detailed plan of for supporting the various sectors of the economy in a solution and interpreters can. so this people need to be able to receive new

loans at sir. no more than that. earle rates of no more than 77 percent. and the, the loaner has to be for 10 years, at least later. so we've mckinley me, discussed all of those issues with our economic specialist. they all agree that this must be done next. or we need to have the most lower taxes in various clusters of the economy. the next, we need to remember when you provide these companies with entire package of for orders, they're going to receive after they start operations, we need to provide them subsidies. i'm sure that they will need subsidies to be successful in the market. we need to discuss that later. next are simplified management or as fewer inspection as possible so that these companies

can operate at a relaxed, a taxation monitoring regime. and we need to know what i do to have a demand for the products that they're going to produce. and so these are regime, these are when maria, this is something that we need to have ready by january 1st, 2023. we so the, the existing areas of industrial growth and the ones that we are going to build muster, engage into its orbit, smaller businesses, and these smaller enterprise enterprises interpreters, martin, you see the promise out promising these larger companies are. and i'd like to ask the m s b company and our other companies to be smaller, which are cooperating with small and medium sized businesses. so that 4 years ahead

we will currently guarantee demand for the product. so the good produced by this company. so there are no were providers are suppliers, but it can actually adapt to each order they receive beforehand. bradley, we have all ready reduce the amount of inspections and procedures that these interpreters have to face. but there's still much to be done. for example, the production of industrial areas from scratch, it still requires many years, but buying surgeries and buying these sites as it's still i've been shackled by of by but by the fact that the, they are very expensive and taxation is too high. and the, the, the rates are too high. so we are like to introduce something we call an industrial, a mortgage, which will be less than the 5 percent. the rate of it will 5 percent

a year. and this way companies will be allowed to have the money, have the funds to buy the industrial equipment and decide to build their own industrial production. at was a resume scores, framers step was in these beans economy of change that we see in the world. and the economic relations is livingstone, know its outcome is rising. we see that many people are turning away from globalization who want to weigh multi polar world odom. of course, the creation of this new world order is a laborious process. go through and we'll go into, we're going to face many challenges on the road ahead for many factors that are still unforeseen. we cannot forecast them, but it's clear that he, it is the medium powerful sovereign state that will guide this new world or them.

and these will be the nations that are not moving along a trajectory designed by someone else. this'll be individual independent, powerful nations. they will have a word to say in this a nascent new world. all them, other nations will only be, ah, will stay near prettyman, just to do it on the curve of history. and we need to feel the tied guys to, we need to see what's happening. and so we need to adapt and we need to show our national will and decisiveness. russia is answering a decisive age is the size of age as an independent country. and we will certainly use the colossal opportunities we have provided by the spirit of this time to become even stronger. thank you for your attention.

i feel like the my didn't thank you person. i'd like to say this was a very detailed speech, very exhaustive on you for talked about every aspect, but we still have a question that captions and we'll leave it after questions later. but now i'd like to ask her present to kaya to, to also talk about the process taking place in his country in russia and elsewhere in the world. a present putting, ladies and gentlemen, i'd like to know this is an important event for the 25th a st. petersburg international economic forum. and i'd like to thank president

hutton for inviting me here for the sar heartwarming welcome. here in the cultural capital of russia, a quarter of the center of a century, this forum has gained a reputation no for massive and successful export platform. and a very important discussion platform of this meeting comes at a very difficult time out for height and political and economic turbo. and the problems that we have to do with it can make tension the political tension. so we're facing in reality. asia regionalization has come to replace or the era of globalization with all the advantages and disadvantages. and so much, you know, when you know the process models are being changed, re shape is becoming more is becoming

quicker and the world is changing, sometimes not to the best inflation in many countries is becoming greater and greater breaking you records. we see more competition for investment for resources, and the fact that contains that growth is of course climate change, more migrant flows, and other mobile change. we not as old is rosa says when we speak about the new reality as we should remember the rapidly changing structure of the world order for sure. the change of the new singly brown, i'm not able back last to use in north south to our countries is not only important to find an answer to all these challenges, but also the profit from them and maxim away from stance. why we need to can.