both ends and 9 months since the beginning of this year, since the coffee itself a large and medium car into the beginning of this year, the traffic consisted 6 trillion roubles. so it's one quarter more than the year before. i don't see because it, these are good. people take it right. so the business is not just making profit. it is investing these profits into its development. it means it believes in the future of far economy or the 2nd quarter of this year, investments raised by 12.6 percent and 3rd quarter to already 13.3 percent of state. so it's a drawing. why does it mean everyone present here at 1st? could be aware of why that means we sure it means that the right conditions for a future development for the mid term development, these are obvious things. so we must support these business activity and we must make financial resources available to the business. people get them to those areas

of that work for the domestic markets and for the expert demand. that's something i know buncombe to what can you give me so so we know what sort of probably you will speak about the central bank interest rates. so probably you will have some discussions here which will be useful and integrative, but here's what i would like to say what i think, yes, all the ways. there is such arguments. so i should bade, smelled interest rates about the business activity. but the numbers that i have to has given you losing the evidence that in general, i don't know what a, the finance with these huge decisions that we are making by the financial economic authorities of the country. so we have managed to find that these track and we are moving in the right direction in this regard. and we are creating some of the conditions for the machine, effective transfer management for economy to improve the work efficiency and inc,

and the power of those people. the quality of life is at a level of it is important because real income, real salary was increased by 7 percent by now. but again, we now hold on this it and each digits 50 percent of the real income of the population of 4.4 percent. i'm not mistaken, and i'm not mistaken. and it is an important factor to get that out only for the social policy is it's important from the point of view of the nomic development of the state of the a society that is a make itself and to work in a positive manner or different. they're good, no credit, no says that's and it is also necessary to create a wide range of tools for financing and for investment, for and a scale from the small size to enterprises. and large scale enterprise was introduced systemic enterprises and these tools. so it'd be tuned in such

a way that they took into consideration the specifics of that particular individual business and specifics of the industry that you're engaged in looking at to help them with their plans. and i meant that you are well aware of that. these parameters and what you should do, you need to find the most efficient, the most unit that's on your, on their useful way of financing and use of shareholding. trudel integrated financing and to see and the banking sector as blank and important role. and i see you bumped into some of the stock exchange market and i'm going to state the even though the most bang, sorry sanction. now they are worth thinking, sustainable fashion. they have enough resource and they are increasing the loans for the company real center. i'm in contact with the representative. they've sold the large scale to companies send from you see that the representative? yes. all of the financial sec for everyone is unhappy with anyone,

nor same like it's everywhere. if it's a good, it's not different. but the numbers are saying that the decisions are being made and then live goes on. economy is growing, the ceiling. he's with them just in we have result complex in general, some experts through government. so i would like to go back to those, but i don't know which of these us who predicted that is because of the sanctions or banks of wouldn't stop growing. can we stop financing the economy, but instead of the banking sector increase, it's efficiency then. now it has raising the record high volume itself is low and safe throughout the entire history of russia. because we have the record high level of human on that each of the cities get to doing the switch to it. but i use that since that i, both morgan is in a car parade due to it until suddenly lounge. i can do that if you're interested, if they will, some discussing some arguments into page not to try to not even overheating this

market. there is some negative experience from the other countries where the mortgage market was not supported by them. anything grill. and we all know that what was the outcome of that policy? would try to consider base, experienced the negative experience as well to avoid anything like that happening in our countries. but nevertheless, just as a proof live with them. if last year they've got to put, i've given them the volume of landing to the corporate sector rate grew by $9.00 trillion rubles issue of wood from the beginning called the current here in the at and grew 13 trillion more new solution to take you to do that one year, i can, we can say that the media on yesterday at the internal sources of land inc replaced the external ones. it was one of the most principles standards for our economy. i cannot say that everything has been result. of course, not them because the western landing is cheaper and the volumes that are bigger but,

and you can quote and i believe in general to say that it is not a problem for us anymore. it's the same goes for the state and the way the this will whole list of premier 90 this 8 loans 3 crystals. the federal budget was financed by the in internal resources and investors. but you just at least really see that they invest more than the loss of this opportunity to make profit on our high yield market. because they weren't pressured to leave our market. the, you know, it's a good way to experience. well, they should have more influence on the common sense decisions made by the governance and their accounts race that they want to profit given this needs to stick with sure with the sheets that you did earlier for the 11 months. so base here at the depth is that the project was 878000000 dribbles, which is the product center we point 5 percent of the g d p. and if we look at the

consolidated contract works as low as we'll see you here. we even have a profit straight c 837000000000 ripples again. then we'll look at the original finances and so on. so upset with the metal model, them step rooms in general, the financial system and russian who is absolutely healthy and the beginning of the year is some experts just thought that russia was going to say, sponsored this is it all 3 or even 5 percent of 30 what is your belief if we took a test and that wouldn't have been a disaster or a new school, having been a crate issue for us, which would never the last, it just has not happened with it in july or forecast. just due to me in the june and they were really wishing for something that you did not. that was true. let me shift states and steals for us some tasks that we help as a result to preserve the positive dynamics, to maintain the positive dynamic student. and we need russian economy and russian

competent to have more opportunity to attract resources in our financial markets. the way you see in the workforce industry excess pull some of these done with this be to do this is ellen morris harris, who is that are in demand inside the country and at the meeting with the leading enterprises just during the economic for a quite often i hear the question about losing the capital people in the business deal, but it's pretty good. give me just you to wait for it. i see it is. this is the capital out flow. and this is what a lot of businesses they want to invest in russia, but they are lacking can investment tools and that can use, this is true from what i see. it will be what somebody and we must help to develop the modern financial interest transferred to establish to patients and inactive cup on the channel and stuff. transformation of the corporate. yeah. but as your capital as to investments, i would like to draw attention of the government of central bank and our development institutions. i'd like to instruct the government and with the examples

the be to expedite the launch of investment project under the suitcase. so when we find these programs that we have, well, the idea of this mechanisms have been use the banks are sending their own resources to this foundation to this fund. and they can guarantee that by a profit just from this investment, like you invested in a bond, is a guarantor of there's a profit. yeah. and that was here for the so you to and bangs can become once investors and to for the real sure looking sector is what is the new cohen's premium? put it in 2 months. uterine company that needs that you, we and we are funding real initiatives. one that we're using, there's fund we have been working a lot on the scott listing there's, which means on this we had a lot of discussions about this done, but we have established it. and now we need to use it as much as we can. and the really good city is to grasp. hold a minute, break at a, what is it? it's, it was a one of the wood seduce and we have a lot of people involved in the stock market. mentioned to me, it is

a good story with a q and the number of sites of people is growing. and you really want to formulate some 9 trillion roubles. have been invested in the stock market and assets. and then the savings of the people should be an important source of the investment resources, like it's done in many of the global economies that should work for the benefit of the economy and should yield additional income for the people. and those who can invest in the long term and to really get to know some of that in we are trading advantages, conditions inside the country and investment into the foreign affairs. you can see what happened with that i can prove to be unreliable, which has most of this now in the options by our western partners. i didn't know how to describe them as a uncivilized. let's put it this way. what did you think you would they prefer? excuse me, basically stole money from, from the people from individuals speaking english. but there was little shows

that's what we are faced with and they are destroying the economy. is fido and towing basement, starting from january. the 1st of this year we are going to launch a new and it is an instrument for the long term investment in your bill. and terry's savings in the non states. he's on of game in the middle, one of which me so it's the additional been able to invest in place and up to $2800000.00 roubles won't be a question. you can use them insured by the state, but us will be returned no matter why. and we should use these mechanisms for the long term individual investments in accounts. and of course this and the insurance that we looked at in middle sam could be $1400000.00 roubles per person. when you blankets, like it's being done with the bank account saving accounts, i hope it will allow us to increase the inflow of the capital. for example, for the construction of the infrastructure, logistical you might change terminal and so not or large scale long term project

get what then after the 1st year of these programs of those long term savings of the people, the amount of these investments should be no less than $250000000000.00 the super. okay. just that, i mean newest for our country use the phone more. it's not that's might just be so it's something to start with $10.20 plan to 6. we must be reach at one percent of the to the page and we need to separate those back in a, as in so that you can look for the rapidly growing fide tank businesses of glucose some yet. because we only ask that they have usually is the idea. they however, but they have a lot of desire to implement because this idea of their that's what i will. and usually they don't have me like the research cylinder. it's in marketing. we already have mattress to go to product, encourage the demand from the state corporation to the city and state sponsored the

company is they are going to invest more in saturated innovations for the domestic high tax and see if those are the products of the government and the bank of russia should pay more attention to this factors, and they should simplify you by shoot the printing companies of the shares for the smaller scale, rapidly growing companies, not only at the stock market, but also the investment platforms for private investors like you could become co owners of these promising start of that and yes, there are a certain details that we need to think about, but that's where we should move. i mean that's the direction which on the friends we have, the financial step is to bill it. see from the self sufficiency of the financial system and of the banking system. these are important categories. so the countries in dependency and sovereignty and we are going to move along this way with a joint effort by the state, by the society, and strong nationally oriented business level that we are going to work together.

so it will be and we are going to work together with our western part and i said as well because you that's how we are going to develop together or would issue in this world of the future. thank you for the attempt was made as it may now, mr. president has a very busy schedule. he has a lot of international contacts today, but in order not to break contribution, he agreed to a pass through several questions. if he doesn't have enough time, have a full panel who will entertain those questions and in fact they will do a better job than i will. well, i do doubt that with you. i think that's not the case, but looks like listen to your presentation. look, i'm, i don't think very sincere. yeah. please go ahead still questions. what. okay. all

right. you know, put them over to you. yeah. sure . but some interpretation i guess or cheese that i thought was because mr. president, it's a pleasure to see you. i'm using you from. ready facing direct companies. i've got several questions to ask of the, the, the, what is your vision of the future technology cooperation between the countries after this uh, huge. have a launch off restrictions, primarily introduced by the us with respect to china. that's something that's uh, generated as frank sent a desire of countries to be autonomy, a sound self reliance on sufficient and primarily referring to the

transfer of critical technologies. story is the concerns of that this might result in our slow down of the technology progress for each country will have to travel the entire pass of development out of town for each technology. and some will even have to reinvent the wheel. now what would be the path of pressure query which areas you rented, your cooperation where you are not. thank you. it still can say it's a while my 1st point buses. i'm gonna get the cd to it's not quite as far as, as far as the question we are willing to cooperate in all areas. we have no restrictions whatsoever in this regard. it concerns the middle to try to

acknowledge as well. we think about the future of world order about the prospect's, about ensuring our security. and i told him what we are moving away from the traditional relation suit in these failed people around finding buy something. when you sell something, we think about the future. we think about that knowledge, how the future was. that's for the 1st question. you can take your seat now. it's a no show up. but as for the answering your question that in june you knew about the technological the restrictions mentioned that whether individual countries will have to start from scratch from the clean shade the will to do more to reinvent the wheel. and as you have put it in mind speech, i have mentioned that it to, i'm going to get you and you and you were just so these restrictions are introduced and that'd be sufficient to beautiful and to insure, i mean, you know, in the mean nation, what absolutely, domination to maintain this demonstration,

no matter what. 3rd, we're all the way it's restrictions. what do you mean you could do? mission is that could be so you could have put a whole bunch of sit on the no matter how hard they were trying to protect the secret, the founder and making steel. it's late, whether it was a good thing or a bad thing, no matter the and watch restrictions serious were interviews, guys with the soviet union was what it is for me was given a stable, that was the dog is considered to develop basically what a champ olives go scott, dominion photo when this leads to some where the ball is used to technical you budget, factually they were still working. it's going to click to me is up with at the end . these collect the west, 1st of all, the united states. yep. they want to run you through the maintain 3rd pretty easily sit on the nation, no matter what. and the 1st of all in the field of technology, whether it's possible or not, well or is not. it was not possible even in the past in the middle ages,

even though i would never or during the cold war, it was impossible for them. and now you're in the times of the internet and me and left them. there's no reason is id in the, in the times of listing, all kinds of exchanges, including signs because changes is impossible to compete, that stood with them. well, that's to say, well maybe it's at a certain stage, samuel, someone would be able to hide something, can you the poetry. but those who are trying to hide something, they will have to be lack in other things in other areas. and thirdly, we should not think about these restrictions, we should look for it and we should move forward, should look and we should act in such a way to do it. but if there was a couple of them that will allow us to move for a bird, 1st of all in education, that is becoming an important factory for they cannot make roads. and we must move forward with those who wants to work and did some way in a civilized way, in modern ways to do that too. but even within the breaks career,

think we must establish some scientific worried, occasional plan for our service that we use it. so on the platform to establish an investment platforms to mention that as separate as i would use the move, we develop the to research things and starting with education app when we work line based together. if we support each other in such a way, then no restrictions from those for trying to maintain some advantageous position. they will not gain anything from this. i have no doubt whatsoever whatsoever in this regard. so we will work with the people's republic of china. we have very good trust based relations with present been she, you know, those are scribble at the governance level and then use them as a business circles level. i have no doubt as to the lady that no one will able to stop us or to prevent us from developing to hinder our development. it's

jeremy stewart. presidents, i represent show the crime scene company from china. i'm touching cool. i'd like to thank mister president's uh for the opportunity to ask my question. i got just one question to ask. we collaborate locked in mining and there was a huge potential to further expand this collaboration with that for the trouble of a friend companies. i wish you had more liberal policy here. we have very strong enterprises in china. what would love to develop from the mining sector and russians? and i remember some um, 3 to 4 years ago. some florida, you to $14.00 were allocated to support this wherever it is possible

company. would you mind who may have huge accomplices? what do i have to to operate here? thank you. and let me use the, especially when i can only well come your waste your corporate we appreciate that you didn't give it a specific details of why it's iris. exactly. you're working. he can give me the specific companies and projects. not sure, we are ready to company and support any projects that you may launch. speaking of being more liberal regarding the business. and if you believe that there are set and the restrictions for your activities are often costs in the russian economy. and we will consider that as long as we're understand what we're talking about, the colleagues will be taking the floor, including the minister off economic development. so the presence here in the panel, you can talk to human,

the more details of what exactly you're talking about. thankfully, all relations with china and developing very efficiently. you wouldn't want to go in the upcoming uses to reach $200000000000.00 us dollars of trade and we see it, we will already reach that. think of 200000000000. there is no doubt about that way . so if your company is capable of making your contribution to these joints movement for which we will only be glad to see that place, you can talk through the colleague slate to one. ok next, which so please go ahead and close yours. and from the really must explain. so you are presented a wonderful view of global color because i think most of them are just a sheet on lessons. uh, let me explain to you on law under pressure, please let me know and we'll continue to an important role in shipping global politics and will always have substantial impact in the word economy.

in view of the gutter, conflicts wanted to go to the patients, invest in the sentence as i shop as part, minute to new or jump on it to go. strategies the monitored monitor in the comic policies and russia is very visiting. it's a government, it is odd thing to note that the tremendous growth russia has a cheap, in spite of several challenges. many governments, 50000000000 themes, super gear excellency in denver. sure. have heard historical partnerships with the product size and video spears and both countries abstracted alliances. india and russia would get connected, but not solid sputtered door and with the rush as far as for the benefit of both nations to excellencies,

new out of box introduce the both engine darcia can play an important role in your politics and economic growth. and both countries have agreed to take up with an investment in or nationally currencies ruble, and ruby excellency, you're one of the new to far to introduce. how can we ex literate, the process often and facing a violent 3rd rate. and it's not me, relations and spread peace and prosperity. thank you. excellent. so what is the, what is the social skills? the 1st of all, let me say, is that the relationship between russia and india and says play developing in all the areas. and the main guarantee for that is the minimum policy led by 5 minutes to monday. his excellency is one of the politicians of the global scale that i was talking about previously without giving the names. i cannot imagine. is that going

to save money and getting intimidated, told being forced to take any steps or actions that would go against the national interest of india and the people of india and their reese pressure against him. i am aware that we never talk to him about that. i can see that. and to be honest with you, i am amazed at hays freaking position to defend the national interest suffering the we do see that. and let me repeat, the volume of trait is on the rise. last year, a $335000000000.00 in one here. and in the 1st 6 months of this year, a told read the was so to $3500000000.00 us dollars. so the girl will be significant, we understand that india is mostly getting preferences you to the discounts on the russian energy resources. and that's the

right thing to do. to be honest, i would do the same in their spot. in this situation, they are making good our next on that. sure, that is not enough. our opportunity is much wider. if we take a look at the global rates and the ratings of economy and the g, d, p by the purchasing power parity, india would rank 3rd in the world. russia ranks face to remind you, it goes china, united states, india, and japan. then russia takes the seats on these are the major global economists by the purchasing power parity. often allergy to our volume of trade with china, this year would reach $200000000000.00 us dollars. so with, with the rise to increase the trade with india as well, the question is, what exactly should we do? the 1st and most important task is to pay more attention to logistics.

one of the contracts that we're currently discussing with our guest who has already come to moscow, the president of the rom mr. ray. see we will be talking about the north south corridor. among other things that india is a beneficiary off these projects. india has us taking these routes to the north and see a route also requires work. this is also another very promising area of logistics. there also all the routes that we could talk about that is very important. now the 2nd point we should work on the financial infrastructure. this was already mentioned previously. we mentioned to use more national occurrences in our mutual transactions is a we need to ensure that the transactions moving smoothly without any

obstacles using these foundations. we should also pay more attention to investments, to disclose of investment into specific projects and then surprises. we should increase the holding of all corporation. there are plenty of fairness to work on. these include pharmaceuticals, agriculture industry. we have something to work on, and we will keep working. we're going to speak, so i'm sure it will work fine. possibly give me a brief. i'll post one she's disappeared, connecting with you to most of the quote and tell us what makeup of participants will be in this room. the american, the western europe investors will become back with us for the 2nd year. you know, speaking of the investors on lakeville. so come on their smart people, and they are present here, although invisible, let me assure you there from the news. i do hope that we will have talks with them

directly to leave simple and personally. the contact is continue to be perfectly honest with you. the just set and the political obstacles created for him and for their work by day the end of the day. i believe that sooner or later commonsense would prevail. that is my sense. but thank you very much. let's give mister president a round of applause. ways very intensive intervention. thank you very much. mitre over to you, whatever it is. uh that some of the latest, uh, live comments here from the center of most of the global investment for and why they organized by russia is a v t b bank. it was andre cost and basically the treatment of ftp who made the opening statements. he did say that china india tucked the iran arab countries.