as a result of several wars with the turkish empire well, what kind of ukraine and here ukraine means, it has nothing to do with this at all, it means that the western parts of ukraine went as a result of the second world war, steel took away the territory of hungary to romania and poland, it means uh ukraine uh, rewarding the same poland as the eastern lands of germany yes, the whole left-bank ukraine is known for how it was built, and ukraine came to the russian empire with three territories, in fact, it means kiev, kiev region zhytomyr chernihiv, here is a force of 1.500 for some forty, fifth year, or something, everything that got, then, as a result of the formation of the soviet union in 1922, was sent there by vladimir or that lenin during the formation of the

soviet union, and this donbass first decided what would be as part of the rsfsr, and then, as he said, it is necessary to change in order to raise e, which means the percentage of the proletarian population in ukraine was formed like this. well formed. i have already said this many times, we agreed with this. and treated everything with respect. you say, we mean, uh, it was necessary somehow differently, but, probably, it could have been somehow different, but when the soviet union ceased to exist, apparently, they proceeded from the fact that friendly relations would continue. that we will have, uh, a favorable atmosphere between these countries, but i have already said, unfortunately , for all our uh, our desire to cooperate in this mode, in this

capacity, we received only requests and demands. uh, it means to increase economic support, but we already did what russia could itself in the nineties was in a difficult position, but nevertheless, uh, we constantly helped and helped with loans and cheap energy resources from decades to decades, we were ready to cooperate in the field. uh, key industrial plants, they offered various forms of cooperation, to be honest, by and large , i don’t even really understand what else they could have done for you. no. this is this group of people who actually seized political power or influenced uh, higher politi. whom she determined the vector of development, and then announced some civilizational choice i repeat. uh, in my opinion, just to forgive me. eh, quite already in the yard language, i will say that you

keep your money in foreign banks. so that no one touches them. that's just for the sake of what, and then they are tormented to swallow the dust, but then it’s clear, then they are already there, inside the country they are already being dragged through the courts already accused of all sins as a result of internal political struggle. well, i repeat. here you asked about the european union, i admit they are joining. let only us do not create this threat. none. let no e no cause damage to those people who consider themselves part of russian culture, part of the russian linguistic environment. we never climbed it, despite this so-called choice. i already spoke about this during our discussion today. we did not climb , no, this was done in order to create favorable conditions in order to protect our funds

stolen by the ukrainian people of another. i don't see anything. what else was there? you know, i remember very well all these discussions on energy prices and so on. i dont understand what we would have to do extra. i think that everything we could do we did to, uh, create favorable conditions for the development of interstate relations. thank you, but i’ll ask you such a philosophical economic and technologically philosophical question at the same time, which torments me, and not only i don’t have a ready answer to it, but since we have a forum about the economy and about the future in general, it would be interesting to talk about it. look what news came to us this week, google suspended from the work of his developer, an engineer who created artificial intelligence, he and water

was created to such an extent that, as he claims, and for this his dismissal from work. this artificial intelligence has become a sentient being. i read their dialogue published by him, damn it, not very dialogue. they probably talked for two hours, in which this creature did not know what to call it. tells him, for example, i like to meditate. i often wonder. who am i, what am i, who is my place in the world? i don't like the way people treat me. to me they seem to be using me for their own purposes. it annoys me. i understand that i am much smarter than you people. that is, it is such a not very friendly and generally quite independent creature. maybe it 's just a one-time incident, yes, in the end he was removed from his job, but the cto of google is a completely different person. he says that there will be a mass market there by 30 by some year. uh, implantation, directly into the brain of a person at the chips, which will contain all the information in this way all information, people will cease to be essentially

people, but will become, in a sense, not very people, but artificial intelligence in themselves, and by the forty-fifth year the world will reach the so-called technological singularity, which will lead to the fact that people will stop not only to control, but also to understand. they themselves created a comprehensive artificial intelligence. for example, by this age i will be 65 years old in total and somehow i don’t want to. so, doesn't it occur to all of us. that once, for thousands of years, humanity proceeded from the fact that progress - is it necessarily good? we never doubted. and now, in general, we do not expose that progress is very cool. but maybe there is a time when that's an acceptable limit, or something, progress is coming and maybe that time is now, of course we need progress in terms of medicine, in terms of food ecology, the process progress

has indeed made human life safer and better for thousands of years longer, more beautiful and so on, but will it always be like this and maybe that technological backwardness that we scare. this is in a sense, if it does not take place a catastrophe. a step towards salvation is to pause a little to see how they will be there with these creatures and understand where we will develop. this, of course, is a question for both presidents. i am absolutely sure that progress will develop. well, look 150 years ago, in order to get from the kazakh steppes to st. petersburg, it was necessary for our representative. uh, you had to travel within three months, actually on horses on chaise longues and so on. now

i flew from the capital to st. petersburg in three and a half hours, i believe that in 100 years people will be surprised. did he really spend 3.5 hours flying from one place to another, when we can do it in 10-15 minutes, that is, progress is absolutely impossible to stop and, of course, such robots will appear that will significantly exceed in their intelligence people is another matter. will they have the so -called empathy of human feelings. will he ever be? perhaps it will. i wanted

would that in 2045 you looked. firsthand, what will happen with the inventions that the best minds of the world are currently working on. in passing, i would like to say that it is desirable that such intellectually developed people would have the opportunity to work in our countries, whether it be kazakhstan or russia , for some reason they basically move progress in other countries, it’s another matter that they leave our countries and that's it. yes, it works there too. this is our i consider an oversight. and so, in principle, every day we are faced with that artificial intelligence. he is present in our life. the computer won at chess. at kasparov's in new york, but that didn't stop the chess tournaments from being

interesting. it's good that you mentioned it, because it's this google cto who predicts all these passions for us by the forty-fifth year. it was he who first predicted that in such and such a year the computer would win over a person, and his prediction was so that this is not just a rant. well people know what they're talking about. that is, computers are already smarter we use my people, they are present in our lives, returning. uh, to the previous question. i thought i'd go ahead with answering this question. you remember him, er, yet, i would like to emphasize that russia is the largest. i would say an authoritative state in the post-soviet space, and its important role belongs to the current one? to the president of the russian putin cis

to express some complaints about the statements of a number of russian deputies absolutely incorrect statements address of kazakhstan is not an accurate statement. so told reporters and even cultural figures, i am grateful to vladimirovnevisch, who today expounded the position of the top leadership of the kremlin, in the end, in relation to both kazakhstan and other states. and especially in relation to my country. that is, we really do not have any issues that could be exaggerated in one way or another, all the strife between us peoples. and

thus it harms the russian federation itself , sometimes whether it is a decision that takes place in our country. thank you, i even know some whom do you mean, but we will not continue this discussion here . vladimir vladimirovich will not continue this discussion at the economic forum , returning to robots, because this is important. i agree. e with a colleague. listen in modern eh conditions, of course. er, each department every country as a whole, of course, thinks about how to avoid some kind of, uh, costs. this is an absolutely natural thing. you already have some weird ones mentioned. this

applies to everyone without exception. eh, well , always at the working level. uh, you can find, uh, find a solution to any problem. if there is a will we have such a will with kazakhstan. here. i want this to be clear and kazakhstan is our ally in the truest and broadest sense of the word. so now about e about e about artificial intelligence. it seems to me that today. what did you say after all e reproduces its creator? this is how he thinks, it may very well be, maybe that's why they removed him. it seems to me that he thinks so, and therefore his invention thinks so. eh, in my opinion. eh, after all, eh, achieve. eh, reach the level! uh, homo sapiens. still, it's quite difficult. i agree with the president here. e. kazakhstan's ability to empathize with the soul. it

is possible for a machine or not, some experts believe that it is at some point that this ability to experience may appear. well, in my opinion, it's too early to talk about it, whether it will pose a threat to humanity or not. difficult questions, i do not undertake to answer it yet . uh, that i have reached the level of competence to answer this question, i tell you frankly, but what exactly perfect and uh that was just said. this is what to stop. it 's impossible. we must proceed from this. as a given. it's like hmm unstoppable . uh, sunrise or sunset. once upon a time, they invented, uh, gunpowder in china, and they kept everything a secret. well, it's impossible to stop. it's the same in nuclear

technology. yes , it is impossible to stop progress anywhere; you just need to strive to prevent the sun from being consumed . think about how to be with this, uh, go to sunbathing today and that means, or better refrain from doing so. there, in such and such territories, e wheat, and or it is better to do something else. well, you just need to proceed from this inevitably. so you just need to adapt to it, and not try to slow it down. now, if we try to slow down, nothing good will come of it. and if we understand that it is inevitable we will find it. eh, options. uh, options, uh, use in the interests of humanity. e achieve this progress. it seems to me that this is the way to go. you you know, some experts, especially medical professionals associated with medicine,

some will tell us that and the ability of a person to empathize. in fact, due to only oxytocin serotonin neuronal reactions. there are hormones there. uh, that's what's called serotonin reuptake and can be corrected with just pills. here is a person who may be experiencing, maybe not depending on this difficult question, but it is not interesting to eat these territories. no, they are in the car. still not yet. there something else, probably, maybe, well, this is not well, thank god, they tell me that we should wrap up with you already. i'm in charge, right? not yours mine. the authorities of the forum in whose temporary disposal? what is the temporary arrangement? i am during these hours that i work as his moderator of this panel. eh, so, i would like to finally

share a joke with you. i don't know if you heard or not. remember, obama, in my opinion, came up with the idea of ​​calling us names to call the country a gas station. and now, uh, after they 've skyrocketed their gas prices. uh, there was a joke that obama used to say with irony that we are a country with a gas station, and now with envy, what is strange is not a column, and finally i have such questions. and when all this is over, they are building their own forecasts about us. and we have a forecast. how long their economies will hold up, how long their political system will hold up, whether it will or not. and as you can see, this is certainly a question for both presidents. as you see, here is the world after and who in this world are the very poles of the multipolar world, and who are our friends and companions the political elite in the united states treats everyone looks down on everyone

, often internally. eh, well, with such inflated conceit. i have already spoken about this, but this does not exclude the fact that the united states is a great power. this is a country that has become in 300+ years. uh, a world leader deserves respect. this is without any doubt a country with a great future. i don’t doubt it at all, but the internal problems and mistakes of the ruling elites certainly make themselves felt, precisely because internal problems are growing they grow in the economy. we see this in inflation, which i told them about in the proofing of other, uh, other, oblasts. uh, in the economic sphere, hmm, so you mentioned about uh, about energy, where did the prices come from, or what? we are raising prices on

energy carriers. well, the ancestors here are people who have been involved in the energy sector with oil practically all their lives. well, if we raise prices , the market raises, and who is the main market in denmark and as a result of their activities, prices rise, that's all, and sometimes with the same thing. well, that's how much we they were told not to pay attention to us, but you want spot, but for god's sake, it gives us the opportunity to invest confidently in long-term contracts, and you can confidently receive energy resources at market prices linked to a basket of oil and oil products. no, we'll be on our way. well, please, go buy 1,500 euros per thousand cubic meters. so, and we sell them, uh, five times cheaper, we practically subsidize the european economy, and it’s the same in everything in the states , that means, uh. i was talking about the fact that

contradictions are growing and whether there is such politics will continue, they will increase, but it seems to me that , after all, uh, the american people are also. i have great respect, i treat the american people, after all, they are hmm corresponding to their elite. e, faced with problems that are growing due to the fault of these leads, after all, will put such, uh, a situation in which the political economic elites, well, first of all, the political ones, of course, will have to respond to the demands of their population and ultimately as a result, uh, and within these countries, including the states and international arena. still, build relationships properly. i'm still more of an optimist than i'm glad that you're more of a chav. i believe that the world has indeed

entered a crisis situation. this is, after all, the assessment of the united nations , at the same time it must be borne in mind that the united states of america and the west as a whole have a solidity margin of safety, as far as economic development is concerned, in this whole situation, the americans look, as it is now customary to say, beneficiaries. that is, they seem to be on the sidelines and at the same time in a smaller is feeling the consequences of this global crisis. still, the economy of the united states of america, uh, as i said, is quite dynamic. but, nevertheless , in our part of the world, there are great opportunities.

regional cooperation and, of course, in no case should we go into self-isolation, go on the defensive, but enter the markets. today, the president of the russian federation spoke very convincingly on this subject, after all, in the modern world. so many good promising partners. just you have to work with them. them. we need to find them, and it is gratifying that now a number of countries are showing practical interest in joining the activities of the eurasian economic union in one capacity or another, that is, on the whole, we need to remain optimistic. thank you for such amazing

frankness, which is actually rare at such formal, but official events regarding the issue of the dpr of the lpr. and i think these deputies and cultural figures, about whom you spoke, one of whom i know very well, heard your position too. and, uh, probably. we everyone should really understand that now is not the time to quarrel or intentionally water those who quarrel with us and you vladimir vladimirovich many thanks a lot. thank you for spending this day with us. thank you so much for not being ashamed. and thank you so much for your confidence in our future. thank you thank you

well, three and a half hours even a little more lasted, the plenary session of the st. petersburg international economic forum of the jubilee well, and the president's speech. today was really very busy. i must say that they are absolutely always like this on this site, but today this main program part was longer than usual. and this is, of course, predictable. the head of state touched upon the problems that the global world is facing today due to the processes that did not begin today. the russian president has repeatedly spoken about the mistakes in micro and macroeconomic policies that were made, including by european countries and the united states. recent years, the consequences of which we we are seeing today and who are so persistently trying to attribute it to russia, it is obvious that the sanctions imposed against us were prepared for more than

one day, and not even a single month, the experts here on the forum named. the number two or three years means that a special military operation in ukraine is, of course, only an excuse for imposing these sanctions, designed for economic blitzkrieg, the president has already used this term, repeated it again today and stated that the economic blitzkrieg did not work russian financial system the russian economy as a whole has withstood and will continue to overcome difficulties. although the obvious president did not smooth over sharp corners, of course, the problems are obvious. if they grow, they will have to be addressed. however, there are opportunities and desires to do this. the president spoke quite a lot about this in his speech today. of course, they also talked about the abolition of russia, more precisely , about an attempt to cancel it and about information wars, which, along with economic ones, are clearly unleashed against our country.

country. marriage forecasts regarding the prospects for the russian economy, which sounded at the beginning of spring, did not come true at the same time clearly. why bloated? this is a propaganda company, where all these spells and a produlor for 200 rubles come from. and the failure of our economy as a whole, all this was and remains an instrument of information warfare. by the way, some of our experts succumbed to such external pressure as a factor of psychological impact on russian society on domestic business circles, and in their forecasts also proceeded from the inevitable the collapse of the russian economy and the critical weakening of the national currency of the ruble, life has been consumed by such predictions. however, i emphasized and would like to note in order to continue to achieve success. we must be extremely honest and realistic in assessing the situation , while being independent in our conclusions. and,

of course, believe in yourself. this is very important, we are strong people and we can cope with any challenge, just like our ancestors will solve any problem , the entire thousand-year history of our country speaks about this. count on fast withdrawals sanctions and, in general, their removal today is hardly necessary, citing the president. it won’t be like you used to be, and in this sense, the head of state is in absolute solidarity with the experts who spoke here at the forum, they were economists and representatives of business and, of course , relevant ministries, and they all said that the economic situation has completely changed, this is a serious transitional a period that, of course, will be a disease for the whole world, but accepting this fact is necessary in order to move on in this context the imposed sanctions are directly related to the special military operation. i repeat, they do not have and should not be tied to its ending. one

way or another, by all means to lift these very sanctions, of course, a lot was said about ukraine today in the context of a possible restoration of relations when the hostilities end, they said again and again that the beginning of this very military operation was, and the inevitable president repeated this wording again over and over again, nevertheless , there are still those who want to challenge it, including among western journalists, who in one way or another are trying to find an explanation for what happened, as if not hearing what vladimir putin is talking about literally in every speech in recent months, meaning that there is no other way out for the military-political nato alliance expanding eastward once in a while. in several waves at once, russia actually left no claims to ukraine itself before russia had a head of state. he recalled that with a variety of leaders of this country. after gaining independence russia cooperated and cooperated quite

fruitfully, despite the fact that the ambitions of the leaders of this country were obviously made by the western ones until then. so far , anti-russia has not been molded from ukraine. there were definitely no conflicts, at least direct ones, between moscow and kiev. fighting is always a tragedy. well, it's just forced actions on our part are inevitably forced. here's the thing, we've just been dragged to this line. i have to remind you how it all came together, but uh, listen were pro-western governments. uh, in ukraine . we worked normally with everyone. here , mr. yushchenko was tymoshenko. they were absolutely pro-western oriented. the same one. uh, the so-called civilizational choice. what is there? sorry for bad manners. nafig civilizational choice, the money was stolen from the ukrainian people, they hid it in banks and want to protect them. that's the best way to

protect yourself by saying that these are civilizational elections that they began to pursue an anti-russian policy in the hope that they would not make them. uh, the money will be there reserved. well, that's what happens, of course, they don't do anything. it all means that they get away with everything. this is the whole point of this civilizational choice. of course, we will protect. interest from those people for whom our guys are fighting there today, uh, getting wounded in egypt. well, of course, as it is already. eh, it's simply impossible in any other way, and for what sacrifices, of course, we would support the people who live in these territories. at the same time, supporting people living in these territories, russia is guided by international law the president several times in great detail. he dwelled on the history of the issue and reminded once again of the military campaigns that the united states carried out in libya and in afghanistan. well

, of course, it was also about the bombing of yugoslavia. so from the point of view of international law, as the president emphasized. this is exactly what the whole state of the world should be guided by, making a decision right, and not at all by the rules that are written by these countries themselves. well , i mean, here, of course, first of all i mean, the united states is talking about the unipolar world that washington tried to build after the end of the cold war, in which it tried to declare itself the winner. the president once again spoke about the fact that today a variety of centers of power are being formed and it is impossible to bring all one such diverse world. how can the hegemony of one leader of one state come to terms with this, the united states, of course, does not want to and imposes its will on those who, for various reasons, including economic policy , cannot resist this very will, but

we are talking, of course, first of all, and the european union, which is ready today, is thus to disregard and confirm international law. this, probably, could now our compatriots. those who in recent years preferred to do business abroad, and now they are faced with the fact that this business is contrary to all norms. they can simply be taken away for some mythical connection with the russian state. uh, the sanctions, uh, concern people and the selection of property occurs from people who have nothing to do with the state at all, have nothing to do with decision taken by the political leadership of the country. these are just individuals who honestly worked. uh, nothing illegal in our country. not done abroad. they took property. what is this? well, it generally crosses all boundaries. not just legal common sense even

in front of the soup they were sitting on, because frankly speaking, uh, many people are connected with the economy of the west, uh, and to a certain extent were a conductor, well, not of the interests of the west, but in any case were supporters of development relations. but, when everything was taken away from them, of course, as i am not supporters from now on, you will say fie on you, in what year in 2004 they said you are tormented by the dust of swallowing around the office, and defends your rights there. well, that's what happened. unfortunately, but i'm talking about the fact that nothing like this is happening here. indeed, this does not happen in russia, however, as many people, including many, fear it . this forum has been repeatedly discussed very soon, the country, one way or another, may face a shortage of those goods that bought abroad, which from now on a number of foreign companies refuse to supply to our market. here is the moderator of today's plenary session. chief editor. arti

margarita simonyan cited the most common packaging as an example. first, the company announced that it was ceasing to supply paint, and which was labeled on this very package, and then the container itself. so what should we do, and the juice, as i remind you, simonyan is, of course, far from the most serious. example eat. here, for example, trains, peregrine falcons, which the vast majority of those now present in st. petersburg used to get to the northern capital from moscow peregrine falcon cars manufactured by siemens, which is also not going to cooperate with russia in the future, are we ready to replace these technologies? or will we have to negotiate in this state the question for the president, let me remind you that the release is very simple, either our sovereignty or packaging. what is important for us? be independent self-sovereign and ensure

development for the future and now and future generations or to have packaging today. if we do not have sovereignty, we have a near future, we will buy everything. we will not produce only oil, gas, hemp, all two, and , uh, sell round timber abroad. only sovereign countries can count on a sovereign future. but that doesn't mean that today we have to dive into a situation where we have to go back 30 or 40 years in terms of packaging. i don't think it's such a complicated thing that we can't replace or our partners from other countries who are happy to. head

who and what will be able to replace with what countries will russia continue and strengthen cooperation? what opportunities are opening up for our country in this regard, what else should we focus on? of course, we will certainly continue to analyze what the president said today, especially since this, well, as expected, was a very informative speech. well , now let's break our live interview with the head of vtb bank andrey kostya hello hello well, of course, the first question - this is your assessment of your comment on the president's speech was six points. but it seems to me that this is already, probably, the bible of modern economics such tables, but certainly. we will

touch on part of our conversation, of course. and, of course, let's, you know, how unusual it is. uh, the first question is for you to highlight from the fact that he became president. well, you know, the speech is really really subtractive, and we expected this, because today we are going through a very important stage in the life of our country is changing a lot of changes , in general, as it were, the construction of the world politics of the world economy, and in general the president of his speech. gave answers to a lot of questions. he analyzed both the situation that is developing in the west and the reasons for those decisions that were taken by the russian leadership and indeed. formulated such basic things, er, for the future. in general, the basic principles, uh, on which both the politics and the economy of our country will be built, but i think that the president has done very important before, and hmm such

remarks, but today he outlined. it is more so even conceptually, after all, a reliance on freedom of enterprise on private business on competition. but this is a very important point, because many in the west inside the country believe that when there are military operations. yes, this must necessarily lead to some kind of authorial, well, strengthening, uh, such a centralized leadership of the reform. let's give a military uniform with a machine gun in the basement and in these plans we will revive, we will begin to cardinate everything to deprive from one center. that's clear with the president. yes, it’s like here, uh, there are such uh messages that there is no, that no. you should be an open pain should, open not only within the country, but for the whole world, absolutely open for the whole world. we are not closing. we are looking for today and find partners. e, and this is, as it were, a significant part of the world and the largest

state in the world. we will continue to work , we will develop market relations. we will strengthen freedoms, we will interfere with pressure on business that what business in general expects is both administrative pressure and criminal pressure. i think that this and, of course, the state support measures that he put together is further work. according to those point, as it were, direction that will allow today to overcome, uh, the negative phenomena that the economy has indicated in force, it is clear, uh, as if pressure from the west of unprecedented sanctions, so this is what we are talking about . i think it is quite optimistic, but balanced it is not optimism, which is based on some real things. it was one of the longest, in my opinion, more than an hour somewhere near the record and really it seems to be related to that one. uh, most likely related to the situation that you just said about, but, speaking from the point

of view of your profession, because the banking sector, the financial sector , has a huge responsibility, the blood of the economy, as you know, finance, so, of course same, the shock that was just a few months ago in our system. we have been successful. ah, they please everyone really early , and the president also said this, but nevertheless. let's know here are a few right moments about which the a-a war especially noted. this is a new phenomenon called industrial mortgage. what kind of beast is this and how much it will be in demand in your opinion. and how will the banks see here. these are problems for you 5%. this is below current levels. well, i think that, well, first of all, you are really right. look at the role of the bank, right? where there are some actions in the sphere of military-political and the reaction of the west the first blow comes to the banks, yes, and very hard. i think that is the role of banks in general in the economy, it is so essential. and that our opponents seem to

understand. it is precisely on the banks that they hit hard , hit quickly. and we fell under sanctions already on the evening of february 24, when the byte announced that the day had not passed. yes and no, on the same day, on the same day, allah simply played the time difference with america. and so they would have announced immediately they were ready for them, apparently they were. that's it, of course, seriously, i have the whole whole concept to work. well, the president was absolutely right in this. we were and were preparing for this. and these eight years that have passed since the first sanctions of the fourteenth years until today, the banking sector has been preparing very seriously, creating its own banking infrastructure, as well. tour of the financial markets and therefore the systems of the shot, although i repeat the consequences, of course, e will be difficult as far as support measures are concerned. eh, today, probably, the

issue of support or long-term investments is extremely acute, the president spoke about this today, indeed, russian entrepreneurs are ready to invest money that may have previously flowed abroad and invested some there, including luxury items. today. it's like the elimination of life, probably closed. but money, in principle, is invested, but without loans for a long time and relatively cheap. and of course, large investments are impossible. and today i can literally name there, i don’t know, well, there are probably about a dozen large projects that are beginning to be implemented in russia, and which require very large investments. there will be another problem. where to get technology, but this, but uh, in terms of financing , industrial mortgages, of course, provide a tool without technology money. you won't find it provides a tool that allows you to get long-term and fairly

cheap money, it’s another matter that you still need to work out the details, if it’s in a mortgage for the population and that’s it, it’s clear, and we have already started accepting applications. uh, new ones, yes, literally right away, because the president announced this direct action directly, of course, so it means that everything is already working. yes, then, of course, industrial mortgage. there are quite a lot of issues that need to be discussed with the central bank government and resolved. i think that the shortest possible time will be mechanism from work. and you know, you said that there are already new mortgage rates for ordinary people. would n't this be tougher for mortgage recipients? to get this preferential mortgage, will you review these no requirements or not? the more preferential rate of the population. the topic is easier for a person to pay. we look at the ability of a person to pay. he can not.

you don’t understand to pay 100% of your entire salary, the lower the rate, the less. uh, the down payment is less. uh, payments, those, of course it will be easier receive. uh, so we expect that uh such a reduction it will come to doubling. a-and the issuance of loans, which today, indeed. basically, the mortgage is issued exactly suitable. uh, there are different types of family mortgages, in general we issue 3%. although the state rate is six. and here, but we believe it is very important to maintain the market, because today the demand for housing. here in moscow fell by 50-60%. and in the regions there are even more, and therefore in the region you are even more. well , of course, the mortgage rate and everything that was more expensive than 10% was generally people don’t fit nine either bites seven more. i think it will already be, that

is, it can already be more stimulating yes, closer to the old six percent rate is the same thing, but in the long run it is not quite the same thing, but, nevertheless, let's return to the industrial mortgage. you said there will be parameters. eh, it turns out, and you will need some kind of refinancing from the central bank to receive mortgages, banks, of course, can not give interest themselves when the refinancing rate. still significantly higher. that's why there is some kind of general here. i generally like it very much. sorry what is the best was an option, well listen to the bank. and now we have a live broadcast on our air, thank you very much for coming to the st. petersburg international economic forum. it is important for us to emphasize our special attitude. and of course, to be able to personally with you in the field of watches in the main areas of the main is, of course, the economy. eh, now only

on the site of the forum they were talking about this, by the way, saying, in my opinion, i made a reservation there, but seven billion. e investment. yes, but in fact, 17 billion dollars of kazakhstan's investments trade is growing. you yourself said about this 34 and 25 billion dollars last year, and now more than 12 in the first three months. so if things keep going at this pace, we'll have record numbers, uh, this year, we're celebrating 30 years of diplomatic relations too. answer regional forms we have yet to come. well, in general, uh, the government is working very actively. e. temporarily difficult e are looking for a solution, and we will have every issue that arises, and with you the opportunity now about this to talk, and here in the course of negotiations and in an informal atmosphere during a working

lunch already vladimir vladimirovich i accepted your invitation with pleasure. to take part in the work of this authoritative forum with great interest i listened to your speeches in terms of its content, this speech draws on the whole message of the peoples. us interest was perceived by the audience. i think there will actually be a very interested reaction, as far as bilateral cooperation is concerned, no, there are no grounds for showing concern. everything is going well, specifically working on projects in the field of agriculture industry. cooperation is developing progressively, and this year is indeed a special thirtieth anniversary of the restoration of diplomatic relations, that is, there is every reason to state that there have been very great successes

in the development of foreign cooperation. i think that it will uh, continue to continue to develop precisely to flow in the direction of a progressive pace. yes , there are indeed some questions that require clarification. we can do this already during the bilateral meeting during the victory day . thank you. bilateral meetings between vladimir putin and oblique dzhamartaev, i recall that the president of kazakhstan today participated in the plenary session of the 25th anniversary st. petersburg international economic forum. well , now let's get back to the interview with the head of vtb andrey we believe that well, one and a half percent above the key rate, this is certainly normal for a mortgage, but the bank must , of course, receive some of its own costs shareholders. uh. let's get back. here's the

question, including after the president's speech, but if such a question were asked about, we already partially answered, and we are talking about this question, namely, the change in economic policy. whether we will be able to fulfill all the instructions of the president of his task, all these six points, and use the developed mechanisms that are now available in free enterprise, is understandable. yes, an open economy, of course, but firstly, there are many nuances here, how is this implemented under conditions? is it possible do it the old way? or is there something new to come up with? well, i think that in general it is impossible to live. yes, constantly inventing something. and today, by the way, we discussed it at our morning session. same. uh, how can we achieve? eh, the result and what will the world be like?

today we call something a world without rules itself, because the west has violated all the rules in this president, he also repeatedly said that he takes away honestly earned money, even capitals are honestly exported and so on and so forth, uh, so uh, we, of course, now we have to invent and let's say. even the same calculations, we, for a long time, really, have already advocated for e, ruble and short-lived calculations . well, now, wait, the lines that we have reached, that is, we are now definitely in order to ensure these broad ties that we are talking about, we need to move away from the calculations of the dollar to the euro and switch national currencies to yuan rough. in tenge to dirhams, but here, by the way, some new ones, including digital ones, may come in handy. uh, the technologies that the central bank is developing, so of course know-how, i will also come later today and said

that if we only catch up and repeat all the time, we will lag behind, so no. the task today is to be an innovative economy and somehow, well, achieve the goal, including, of course, new and original digital ruble solutions. it could become such a benchmark that you are talking about, after all, uh, new technology, and there are, of course, pluses, as usual in any business, but nevertheless, the digital ruble. you will not see, well, i believe, of course, in the digital ruble. i am i have never been a supporter of digital currencies. yes , and today there was just information that, uh, like an american country that used ibid as an official one, taking one of the existing ones, suffered a lot. because the volatility of this currency is colossal here but in the official and digital ruble. i believe. these are new technologies. they must replace the old. and now we are discussing a lot, there swift swift is not swift we already have the technology that

the central bank. e has already implemented, yes, and today we already have, among other things, branches in different countries and in china and in india in kazakhstan, we can carry out calculations without frist. we don't really need him. well, of course, digital technologies will give one more chance there in order to expand this area. uh, on trading in rubles and digital. the yuan has already been invented, so i think it will certainly be widely used. we are already planning for 123 , it is already possible to launch this year another part of the dough is going, how to get through, but this year the digital ruble. it may well begin to circulate, and the president today is an escala about how we keep entrepreneurial. we remain open, and we maintain the basis of a market economy, and yet. uh. can this be interpreted? like the fact that the financial markets, which also suffered greatly, investors suffered. ah. i mean

those who invested abroad, especially even people of conservative orientations, like eurobonds got problems there, at least. some funds that were even invested, they went bankrupt , such as next and will vtb, which previously played a huge role, uh, in the market our stock market, in particular the financial one. a-a invest the strength and desire to develop these markets further, so that in general, of course, absolutely. we really have always played a very important role and, frankly, here i take to heart the fact that so many of our clients are ours. yes, in general, the russians have become very active in recent years, because the ban fell. and they began to invest in all sorts of bets. uh, moth complicated investment tools and losses. very large. today trillions of rubles are our people lose a trillion rubles, of course, you understand, uh. this is such a huge amount that

is stuck for today, they will someday return sometime they will not return to maybe not all are lost, but today they are all frozen all funds invested in foreign turnover. strange securities. they are all frozen today, so we , firstly, are playing a video very actively today. as expert consultants , the government attracts the central bank to solve these translation tasks. these e have already been released. uh, borrowing and states and corporations, and court shares on our platform in rubles so that our citizens, first of all, can receive. eh, as if they could receive coupons, because today the turnover is that foreigners, as it were, received the first payments from russians. uh, western financial courts didn’t finish them, but today, yes, here, well, and we have long since passed, because my boys, we simply

fulfill all our obligations in rubles here, so russian russians receive money. here are the rubles. but foreigners receive on the accounts, with which they just hung out the money can not. but that is, this is the first one for today. here the task is so that the russians who have investments in russian securities. finally we were able to get our money. this will be done here, including for bonds in the near future. here, and further, of ​​course, we need further, in principle, the market exists. it is developed, we believe we were the first, by the way, in the thirteenth year, which placed a very large spo. on exclusively on the russian stock exchange. we have all the insta, therefore, even today it is clear that after what happened in the west, when people just have it. they took away or froze their money today, that the demand for russian ruble instruments will be increased. i think this will develop, so yes, foreigners will now have their money frozen here for some time. they will also look at the business, they don’t like it when they

lie on money, so they will start investing. therefore, i think that in such a medium-term perspective, we can expect quite good growth, uh, of the stock market and stock and debt market in russia and he is not dead. on the contrary, it will develop. that is, you believe in him. i absolutely believe in him, yes, absolutely, and i think that our citizens are also beginning to believe. and the main thing is not to let them down. today we are trying to help as much as possible to figure it out and to provide the maximum opportunity not to let down our shareholders. there was a statement that you can already do without additional capitalization this year. we have had several conversations. back, uh in your office do you remember we er, then you said that most likely capitalization will be needed now the situation is changing or is it the situation is not changing, in fact. if you take here the old rules of the game, only you will need and can be very

large, because losses, and losses this year. now it is difficult to assess. there are a lot of factors and situations. it can still happen seriously in one direction in six months, but in general, even the leaders of the central bank gave estimates. this can be done in the amount of several trillion rubles and actually such funds. i think today it is difficult to find in the budget, yes, and participate in the owner, so there is another way. e, according to which the central bank has already taken a rather strong step forward. he was back in february, in my opinion, at the very beginning. here are the events himself, and he gave an indulgence in regulating rhetoric. and that allowed the banks. in general, today to solve the problems of capital, that is, you understand. it was impossible to surrender reserves were frozen the rate was frozen, so, uh, many other factors are still there, including ours loss, because we were simply robbed of us were

taken away. but we know from experience, when our bank in ukraine was taken away from us, we were given a six-year installment plan, for which we restored it. eh, we all took all 100% reserves and gave the opportunity there not to take them right away. yes, the same. now, if we get installments, here are the losses, if e today is e, i repeat temporarily canceled, and the allowance, for example, for the systems of learning banks, or the capital requirements are generally lowered. that's what we can we need we need about five years, probably, today the banking sector will be able to restore calmly without attracting money from the outside. and everything, maybe even less. i don't know, i think next year we'll move on. so arrived. i hope for this, if not, well, the shock itself is already difficult for others to expect vtb banks, so this is a question for the regulator. today he is studying, he is seriously studying this issue, uh, here you need to go, really very uh,

subtly between u weakening, and the capital base of banks, which can lead to some negative consequences. and here you are, after all, with indulgences that will not be affected. eh, as it were, the essence of today is generally very difficult. this is what they proposed to switch to e, to the national rating system. it was not supported, but today how to train russia today, of course. today today the sanctions are banned by an international rating agency. it is necessary to switch to their other no. as they say, remember there are no other soviet gases. and now our agency is not there, they are professional worthy, but someone will recognize them from the point of view of how world ratings, yes, therefore, we need to make our assessments of our ratings and rank our economy on them, and then it will be much easier for us to meet the requirements, so the situation may not have changed. but uh, you

just have to shift the adjustment, the standard today, and give a five-year adjustment, let's say, and then gradually replenish to come, maybe to these, or maybe not. or maybe live will show that we do not need these decisions that were made by the base. in the end. this is again part of the western system, which was basically invented in the west. that is, i basili three you can try to forget to try the central bank. they don't like it, but really, but you understand, i'm still in the fourteenth year, but i participated in the business. uh, business twenty in australia in half, 1416 i don't remember i came there and sat in banks. and they are discussing it there. i say guys, you understand? let's write in the decision on sanctions that, as we say, to strengthen the supervision of the banking sector, but if you ruin our banks in a way, then here are the sanctions

directed. is not a weakening of banking is a threat. if so, well, let's talk about the bonus there. it's one or two percent. yes, or maybe we'll take care of your two don't stop actually security and banking reliability let's refuse. first of all, from these absolutely unlawful places, and then we will discuss it. and the second lunch. i find. i have had a lot of contact with european bankers in recent years. that's it, there's not a single banker who would say that basilitrite is good there is none, even so more than that, all pizzas say that basili three ruins.

factors this is very important further and i only wish you and your colleagues in other banks to resolve all these issues. we all depend on you, and like all other citizens. thank you thank you for taking the time and answering your question.