[000:00:00;00] gazelles are shocked to express my deep gratitude to your excellency the president, who invited me to participate in this important forum in your beautiful city in st. petersburg, which is known throughout the world for its culture, art, its glorious history and embodying the entire history of the russian people. let me also express my deep gratitude to the organizers

of this important forum, this forum, which has been taking place for several years now, is very important and known throughout the world and is growing in conditions of the increase in those challenges and the accumulation of these challenges that are faced. alone can not face all these challenges. these challenges require the coordination of the efforts of the entire world community in order to find a solution to the problems that humanity faces. russia plays

an important role in reducing the severity of the current crises. thanks to its policy thanks to the supply of wheat, which thanks to the needy countries of the world. with a variety of countries, and primarily with poor countries, russia provides assistance these countries for these countries. uh, suffer, especially from the onset of crises, dear, there and gentlemen, cooperation between algeria and uh, russia is not limited to trade

exchange. it includes, e, exchange and in the field of agricultural products in the field of this cooperation. e at the political level. it is our political consultations with russia's gas producers that are doing a lot to ensure that yesterday, uh, i had a conversation with and joyfully, respected president putin, uh, we discussed the problem of developing our strategic relations and raising this cooperation to a level that meets our mutual interest, ladies and gentlemen. algeria is going through

an important period of its development, its comprehensive development and economic development and is now in a very important area of ​​investment. investment in our country, we put forward a very attractive plan for the development of agriculture and energy and various industries, including food production, processing

industry and so on. we invest large funds in the development of green energy. we strive to preserve nature. we strive to resist climate change and contribute to the solution of this problem , we are open to all those who want to support. to develop favorable conditions for hmm investments, we, uh, invite investors from all over the world, including russia, and we will certainly give them a lot of

benefits. we will create an opportunity for, uh, profitable investment, and i can only mention in this connection some of the achievements of algeria. as you are

some. come in starting this year eve , because we passed a new investment law that provides, uh, which provides, uh, significant benefits, it provides protection to investors and this policy. we adhered to the creation of our state from the very beginning. we, uh, after the adoption of this law, we will take a number, many have already taken and these measures will be in effect for 10 years in order to attract investors so that they have

capital. to hold your attention for a long time of course, our economy is not as big as the russian invitation to participate. peace to you. mr. president thank you for talking about your country's investment policy. you, uh, have been in power since the nineteenth year. you are the sixth president of algeria. you do a lot for the economy of your country, but in addition, i must say about your country that you have a special tradition

of independence and the fight against colonialism. actually, as a result of this e, the struggle of algeria became an independent state. today there is a lot of pressure on your country, so that in one form or another they join the sanctions against russia and that you do not cooperate with russia, at least not buy russian weapons. what is your response to this pressure? i can literally answer this in one word. we were born free and will be free. well, that's a fairly exhaustive answer that speaks for itself, but i want to ask you about your

energy policy. what specific energy projects in your country do you consider particularly attractive to foreign investors? thank you very much new energy law. we have adopted a law on exploration work. and this law gives all the guarantees, including the company gazprom is a foreign company. we give them all the guarantees so that they can export

their capital. and uh we have to provide. uh, the future of this youth is current, then this democratic growth is putting uh algeria uh in such a position that by 2030 uh in 2020 the population will probably be more than 60 million years and we must produce more and more energy. more oil, more gas. we

export now exists. to make more active use of oil products. we, uh, so that we can export not pure oil, but refined products. in addition, algeria a now consumes. uh, about half of the gas it produces is about all of us consuming. half of the gas we

produce is enough for economic growth. oil dependence mr. president thank you very much. i would now like to turn to president putin kohl soon we were talking about addiction,

from the sale of oil and gas. i would like to mention to you, vladimir vladimirovich, the report of the us department of the treasury that has just been turned off, where it says that, but allegedly, it was possible, but to prevent russia from selling oil on the international market otherwise, with a 25% discount, and they, of course, explain this by their restrictions on the ceilings established in the european union and so on. questions of two parts the first how much from your point of view. this assessment from washington is true and the second. what are you doing to make russia get more for its naftogaz first of all, i want to say that any non-market restrictions on world trade and in any sector they are counterproductive and harmful for the entire world economy for the entire world trade, which means damage to those who

initiate processes of this kind. uh, we, uh, when we make a decision, and you know, we probably also made a decision at the regulatory level, uh, restricting, uh, the work of our companies with those who impose some kind of restrictions on our products, including in the energy sector, including oil. uh, it's appropriate in turn influences world markets builds price indicators and ultimately we are together with those. uh, who u talks in sensible categories and shows true concern, and the health of the global economy and global energy markets. i mean, first of all, our trusteeship partners, plus we make such joint decisions that minimize for the world economic

community and world energy. economic markets those negative consequences of e-e, which are possible when making politically motivated decisions in the field of economy of course, these restrictions are sure to have negative consequences for us. well, firstly, for different markets. these are different discounts. this is the first and in some cases the discounts are minimal. and secondly, as i said, all these discounts in one way or another affect the global price environment, and in general. it is at a level that suits us quite sharply, production is growing and this suits us quite well also inside the country. uh, sales volume is decent. uh, so yes, it affects revenues and budgets. it's definitely hmm and gas prices and uh

and the volume of gas sales to known markets, before the european ones, well, it is gradually moving from these markets to other markets. there is no disaster. we don't see it here. this forces our companies to act more energetically to look for new logistics. uh, look for new partners, and they find it's up to our company to act more professional, or what? not just bring the goods to the port and sell it as well. well , i don't want to talk about all the instruments. well acquire overseas assets of our company refining oil, no, oil products. in general , the russian oil and gas market is in good

condition and has brilliant development prospects. well, mr. president, and skiing is also included in this group again, plus hmm and soldiers. let's eat it together. uh, we advise you to make these decisions within the framework. e of this organization. hmm, i must tell you that all decisions are yes within the framework of custody plus. uh, to reduce production as well. well, first of all, they wear. they are not connected, not with russia's special military operation, nor with any other considerations. they are connected with a question. economic expediency for both producers and consumers , and in general, we manage to balance the market through joint actions. when in the collective west they talk about sanctions against russia, now a new element has appeared.

uh, they say, it’s not just that russia should be punished. well, what should be limited to russia’s capabilities ? specifically, your capabilities, as the supreme commander in chief, to mobilize economic , e., resources to confront the collective west in ukraine, in particular, they say that that it is necessary not so much to strengthen the action as to prevent someone from and how did you get around them? and these sanctions, uh, are being interpreted. uh , as they like to say in the west, not just at the level of laws, but also at the level of rules, that is, we don’t want russia to have the money to continue the war. this means that this money must be denied, and it is no secret that there is a lot of pressure on many people. wounds including even china india and well , on specific companies what is happening in this direction.

does russia already feel, uh, the new sanctions is pressure and will washington in brussels and london prevent russia from getting much -needed funds for the armed struggle? as i said in my introductory speech , deep transformations are taking place in the development of our country and in the world, after all, we began to focus on the market of asian countries , africa, latin america neither yesterday , long before the start. uh, here are the tragic events in ukraine for a long time. and why? and, because the trends of the world economy are changing, because that the new leaders are changing because the growth rate of the growth rate, uh, of the trade turnover, let's say

between china and the eurozone, is even greater than the growth rate of our trade relations with china . when i hear that you sing depending on china you've been in for a long time. you know what's the matter got a long time ago, right? and nothing's like, like, uh, they're good at hitting. uh, and we have good hmm, not just, yes, we have neighborly relations with china and with india and with other countries. in the same place, other countries are developing, uh, huge fast pace, indonesia for example, a huge market you know, and is developing rapidly hmm latin america will also develop and is now developing and will not develop in africa is a huge opportunity. yes, there are many problems there, but you know that they are on the rise, we are all on the rise,

so all attempts to artificially restrict lead to the fact that they begin to suffer from this to a greater extent. those who carry these restrictions. this cannot please us, but this will not lead, it will not lead to the onset of such circumstances that interfere with our development. well, i don’t know, but i cited our figures and trade turnover, the macroeconomics has been growing and stable since the second quarter of last year, already from the second quarter. we have seen growth. our economic growth since the second quarter of last year is now 3:3. well, at the end of the year there, of course, will be adjusted. everything, well, it will be, say, one and a half or two. well, in general, of course,

i would like, as, uh, lies lived to have four or more there, or like in india. they are generally leaders now, in general, you understand to force others country, stupidly follow something interests in the modern world. difficult and sometimes almost impossible. well, how can you force some country with a multi-million population to say, do not buy grain in russia, you are starving. let your people die of hunger. well, someone can say that, if someone, maybe some kind of moron, says so, he will not listen. they won't listen, that's the problem. and here are the people who do it. in the end , they must understand that this is counterproductive not only for some kind of incomprehensible world economy, which, at first glance , is unacceptable for millions of people, but unacceptable, they talked about the need to fight for the fight for

the environment. well, in europe coal generation has sharply increased. and they do. these are those people. yes, the so-called green ones, who only yesterday were shouting the most about the need for coal-fired generation to close completely nuclear generation, to close everything completely today. there include and coal includes. moreover, the structure of the energy sector , let's say, of some european countries. this is already many times more coal than in russia. everything is forgotten. all this chatter was thrown into the trash, and also because the previous decision was not economically justified at all and it is only beneficial for them that the current state of the current crisis in ukraine is an excuse to cover up their economic mistakes in energy and in finance. they brought it. uh, brought the situation to a sharp rise in inflation. why? yes, because it’s mindless to pour money into your economy

in trillions, there, uh, in the states there, you can say nine trillion. lily, i don’t remember now to make a mistake in europe inflation spurred not we did. they did this even before any situations in ukraine , now they cover up their mistakes with the fact that russia needs to be punished and russia is being done extremely. no, that won't work. i don't know, mr. president, how does the region relate to our cooperation. yes, i think you will agree. she is our joint work, but all this is absolutely pre-politicized. characteristics mom, i fully agree with my great friend vladimir putin in our economic activities, we understand that there are e attempts to politicize. eh, those or

other economic solutions the economy should not be politicized, so today, if you will allow me, i will add a little bit to what you said, today we are seeing a new cold, undeclared economic war. because there is a difference between what happened at the beginning of the years. and what is happening now because the needs, of course, have changed. uh, of course, there are few countries that produce this amount of grain. as your country, no one can force you to abandon your course in this policy, including in the field agriculture, grain supplies. i

hope that people will still be formed, those who act with such insane initiative and will pursue a normal economic policy. thank you. i’ll literally make two more words really strange, and it’s impossible to follow hmm stupidly the requirements of some states that are not friendly to us, which have been fighting russia on a systematic basis for decades. nineties early 2000s if possible, use something against the fight in the fight against russia is used to the fullest, including the same rare food used today to use

me with the nazis in ukraine forgot that they are neo-nazis, no one remembers, does not say a word. they put a well-known person there at the head, who covers all this nazi mosquito and go ahead. nobody hears. so we just watched this video, which asked to show where, uh, bandera walks under the nazi flag and people are killed. do you think anything will reproduce there, no, it will be an information blockade because use this mechanism in the fight against us. it is also used in the fight against us. and uh, energy tools and food and finance and so on, but i repeat once again the world is changing very quickly and their tools are effective here. it nullifies and deals damage. first of all , those who are trying to introduce these tools

to fight against russia as for the tools , vladimir vladimirovich, the tools are used not only against russia, but you are credited with using an interesting tool against the united states, largely economic and political even the united states may have been built on the role of the dollar in the international financial system. and they say that you are using the current conflict with the united states in order to start and speed up the process of de-analysis, firstly, is this true and secondly, to the extent that this corresponds to reality. what are the results of this process of giving up the dollar as hegemony and the dollar as an international financial system? first of all, i want to say. i hope that mr.

president will agree. that's because our friends carefully analyze what is happening in this area, including in the arab world and in africa, the russian economy. the influence of one or another currency directly on the world economy is directly related to the economic potential of the country that is the issuer of this currency, the economy of the united states is one of the world's economies. true, it is now inferior to the chinese economy in purchasing power parity, the chinese economy has overtaken it. it's about the size of an american one, but

it's a great economy nonetheless. this is an obvious merit.