vladimir putin, after speaking at the vtb investment forum, russia calling, held a short meeting with crown prince amaanan, benhaim, al-said. and now we are returning to the russia forum to bring 30 people to one, not because we don’t have 30 people per company in russia, but when we export. our products are exported abroad, they do not have these people, because they need to be trained, they must go through higher education, universities, therefore independence from a person with high qualifications, with a high level of robotization inside, this is completely different, this is a completely different exportability, so we rely on replacing people with very high qualifications, too, the main thing is that there is already a routine appearance of people with these qualifications, people should be engaged in creative work, thank you very much.

sector number four, good afternoon, thank you, alexey khmelenko, moscow credit bank for securities, and a question for anton germanovich, and we have already heard in the discussion, as if about the ghost of capital control and so on, we were recently restrictions were introduced, or rather, as obligations on export proceeds , on the sale of export proceeds, and looking back, that is, for many years russia was among developing countries, probably the freest in terms of capital control, in terms of the movement of funds, nevertheless these are the decisions that are made, and the central bank, elveranovna , seemed to speak out unequivocally on this matter, and as i understand it, there are some frictions within and attempts to find a compromise, so i would like your position to hear about this, thank you, yes thank you, yes there is no friction.

we just saw a fairly high volatility of the exchange rate, so we saw at the same time that the whole means volumes of resources, exporters remain abroad and do not return here, and this puts pressure on the dynamics of the exchange rate, so all possible measures were considered, uh, that means stabilization of the situation on the market, well, in any case, a decrease in dynamics, which means volatility, and we talked about the fact that during a certain period, about a year from a little ago, we liberalized almost everything, the exchange rate was strong, yes, all currency restrictions were lifted, now they said, let's go back to some of them that existed before such

liberalization, and the decision was made to actually return repatriation and part of the sale of foreign exchange earnings . in fact , the ministry of finance, i want to say, will also confirm that we have always advocated for complete freedom of capital flows, this has always been our position, the central bank, on the contrary, by the way, has taken a more rigid position, which means side, however, now, this is temporary , well, this is a decision for a certain period, this is a temporary decision, we hope that means, uh, those measures that were taken, we see, we saw that they gave their results, uh, we’ll see how the situation develops further, but i’m sure that, uh, that means those restrictions that exist today will gradually go away, in this, i assure you, the financial and economic bloc

is as interested as you are, thank you large, sector number five, dear mr. areshkin, good afternoon, allow me to introduce myself, my name is masoud rasuli, i am the representative and head of the russian office of the ntkha holding, the largest care equipment provider in iran, about 50% of our local market, a supplier of equipment in the neighboring part of iran. currently, our company is looking for entry into the russian market, including possible production sites in russia. and our question is this: let ’s imagine that the active phase of the military

operation in ukraine is completed, relations with the west begin slowly, but gradually become normal. what will yours be? russia’s position on those foreign assets that were not sold, but given during the management of your government agencies, you will be ready to return them to the owner, what is more important, the inviolability of property rights, or so that the factories work, employment is ensured, taxes are paid. well, firstly, no one took property from anyone, yes, not a single asset in russia, where they suffered. property, there is no such thing now, there are cases close to this in the west, yes, regarding russian assets, especially assets of individual individuals , where the right of ownership was taken away from people, in russia there was no right of ownership, but it seems to me that here, from the point of view of your

business and prospects, you should be more interested in what will happen to the russian market, where many of your competitors have left, it seems to me that you don’t need to think about any foreign assets, but simply... come and create joint ventures here with russian companies, enter the russian market, offer your products, we need to do this, it seems to me that you now have all the opportunities and prospects for this, a question from the fifth sector. dear. now the trend of trade between russia and china is obvious, however, due to restrictions in trade financing,

it is not possible to fully unlock the potential of trade between our countries, and speaking of trade between russia and china, one should not forget about. within the framework of relations between russia and china in the new economic financial world, do russian financial organizations plan to expand the range of represented financial services for participants in international trade? thank you, thank you very much for your question , indeed, we have potential, despite the fact that trade and investment cooperation with china are actively developing, but the potential... where else is huge, and of course, this potential needs to be supported by decisions in the financial sector, in the payments, my colleagues and i constantly discuss convenient payment mechanisms, primarily in national currencies, here the prospect

lies in digital finance, and of course, so that our financial organizations from both parties could offer products convenient for entrepreneurs, they want to invest, they want to trade, there must be such products, and we see that our financial institutions are very actively working on this, almost everyone, we, as a regulator, are ready to discuss whether something needs to be changed - then in regulation, are there any barriers to the development of such products, and we are also waiting for proposals and trade financing from you, this is of course also very, very important, this is the priority of our activities, we are working on interaction with your regulators countries. thank you. thanks a lot. colleagues, we have been working for more than an hour, let us take the final question of our series. sector number six. ben türkiye'den katılıyorum. erser

group. ihracatıyla ithalatıyla ilgili eee ismim erdal genç bir sorum olacak sayın yönetime, rusya tahal ihracatı konusunda uzun vadeli politikalaları nasıl gördüğümüzü bilmek isterim. bir de geçtiğimiz günlerde eee çin'le ilgili 12 yıllığına 70 million ton anlaşma yapıldığı söylendi. eee, bir de son olarak, rusya, rusya, tald ihracatın konusunda daha türkiye'ye, bir öncelik tanıyacak mı, bunu bilmek isterim. teşekkür

ediyorum. how do you see the long-term policy of your country in the field of grain exports, because of course, you provide your domestic market. first of all, you achieve this through quotas and tariffs, duties. we recently saw the news that russia has entered into a long-term agreement with china on the supply of 70 million tons of grains and oilseeds for 12 years. in addition, we clearly feel a deficit in export volumes from ukraine. question: does this mean that the world grain market is finally segmented? and how are you will work with small countries that buy on the spot market, do you think that the grain deal. the largest supplier of wheat to the global market, and we also see

last year’s harvest, this year’s record harvest is very close to what we had last year, so russia has something to offer, to offer to all countries on the global market, in fact, yesterday the president i was on a trip to the united arab emirates and saudi arabia, where the issue of increasing the supply of russian grain was discussed. in the market of these countries, turkey is actively trading with russia, china, well, almost all large consumers, they are involved in the process of trade with russia, new connections are being established, the president today said that step by step russia is getting rid of the imposed services of intermediaries in different spheres, but the grain market is one example where the role is simply a question of what you call the global market, american traders, or a truly global market, when countries are with each other, when they have their own channels, it seems to me that the second is more of a global market, in this regard, our market

from being olgopolistic, controlled by a narrow number of global traders, is finally becoming normal and global, and in this regard, there is only positive development here, many new partners will appear different countries, so i am sure, i think that your company is engaged in this trade, i am sure that there is very great potential here, including grain trade between russia and turkey, the creation of production chains, this is a very large potential, so there will be enough grain, the more demand there is, the more grain will be produced in russia, and there are only great prospects for joint work. thank you very much, vladimirovich, i was informed that there is one questioner for you, we will allow you to take the last final question, sector number three. good afternoon, nailya mehrabova azerbaijan, really a question for mr. potannen. olegovich, in 2022,

many experts believed that in connection with the tightened, and even tougher sanctions pressure, the gdp decline rate will be from 5 to 15%. in fact, we saw a figure of just over 2%. based on your incredible life. i would like to clarify what you believe were the factors that actually contributed most to the fact that these dire predictions did not come to fruition. thank you, vladimir alevich. thank you for your question, given my life experience, i was no less surprised than you that everything went so well, it went well, that’s it. and the main factors, it seems to me, there were probably many of them, but the main thing that comes to my mind is:

these are two: uh, first, in such situations it is always important that the state, represented by its uh, central bank, government, react quickly and competently to what is happening, so i happened to work in the government some time ago, and i must say that well, this was 25 years ago, that i look so young, in general, in principle, i already worked in the government 25 years ago, and so there were fewer resources at the disposal of the government then, the qualifications of government officials were, in principle, lower, and well let’s keep silent about political will, that is now the situation is completely different ; the qualifications of government people, so to speak, and the presence of political will made it possible to make quick and adequate decisions. and the second factor that i can’t help but boast about is probably the fact that the economy

of our country as a whole turned out to be ready for such tests and has great flexibility, a large margin of safety, but this also testifies to the high quality of entrepreneurship in the country, because that it was entrepreneurs who were able to ensure such rapid adaptation to these complex conditions and found a way to continue to operate, to produce the necessary goods and services for our country, so to speak, for our people, so these are the two factors, thank you, thank you very much. dear colleagues, we are completing our macroeconomic session, i thank all the speakers for the interesting discussion, i thank the hall of forum participants for their questions, active participation, this is only the beginning of our new life, without globalization with real sovereignty, i wish us all good work and invite everyone to the second forum day and see you in the fields

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russia is calling, my colleague anna lazareva is working, she is in direct contact with us, anna, i welcome you, tell me, how many foreign investors are taking part in the forum this year? tatyana, hello, about 300 foreign investors from twenty countries listened to the president alone at this plenary session. the planet is undergoing a deep transformation, there is a request for multipolar world, the president began his speech, with the help of sanctions, and as an example, he cited the distraction of russia from swift, but the truth is that with these actions, the west simply discredited this system, to maintain its dominance, and above all in

technology, in the middle ages it happened during the cold war too. it is possible, and now in the age of the internet, in the age of such speeds, individual countries can start from scratch, with a clean slate, or as they also say, from the center, you understand, i already said this in my speech, these are these restrictions, they are introduced so that whoever did not introduce any restrictions according to what lists, yes, they restrained, set before themselves... they were decided, in the nineties, after the soviet union disappeared, it seems to be sitting, you then discuss with him in more detail, thank god, relations with china are developing more effectively, we set the task in the next or in the coming years to reach 200 billion in trade , the western financial system is clearly outdated from the point of view of technology, it

has rested on lavas for so long , so used to monopoly and exclusivity, real alternatives to the habit of essentially not changing anything, which has become archaic, or at least is becoming archaic. cross-border payments are increasingly using much more advanced solutions, including those based on blockchain and central bank digital currencies. according to experts, in the coming years this will lead to a real revolution, which will finally undermine the monopoly of large western banks. according to the president, the russian economy is successfully coping with challenges, because since 2014 year began to prepare, for example, to create its own payment infrastructure, strengthen the financial sector, this year the country's gdp may grow by 3.5% by the end of the year. russia

, according to the president, is the largest economy in europe, and this year ’s growth shows very good rates, it is higher than in all leading countries of the european union, while the so-called basic non-resource industries occupy an increasingly large share in the structure of economic growth. this includes manufacturing, transport, logistics, construction, information, communications, housing and communal services, for example, in the second quarter of this year they accounted for more than half, 54%, to be more precise, of economic growth, another 44% are the so-called supporting industries, trade, catering, other professional services, only 2%, i want to emphasize, only 2% came from mineral extraction . despite the fact that

western companies have publicly curtailed their activities in russia, or rather declared this de facto, many of them continue to operate in our country, the president said, and here is his quote: work with russia as before. very profitable. i ask the government, together with the foreign bank , to ensure the speedy launch of investment projects within the framework of the equity capital fund program. the essence of this mechanism is that banks send available funds to a fund, and this fund guarantees the return on investments. the guarantor is vneshneconombank. thus. banks can participate in business projects of the real sector as co-founders, the first such fund has been created, the banking sector has reached a record

lending volumes in the entire history of russia , the president noted, we are talking about corporate lending and mortgage lending, if last year the volumes increased by 9.5 rubles, then this year, based on the results of 11 months, by 13, which means that internal sources of financing replaced external ones. from the beginning of march 2022 to november of this year , the number of foreign companies in russia, i want to draw your attention to this, despite all the pressure from the political elites of the west, the number of foreign structures, business structures operating in russia is not decreased. just imagine, i was surprised to discover when i looked at the materials that it has increased. this is how, as of march 1

, 2022, 24,000 foreign organizations were registered in russia; as of november 1 of this year, there were almost 15 more of them. after the speech, the president answered several questions from foreign investors, in particular, the representative of china asked what to do about technological sovereignty, under the conditions of sanctions, will it be necessary to reinvent the wheel? today the so-called collective west, and where first of all the united states, at all costs, wants to maintain its dominance, primarily in technology, in the technological sphere. is this possible or not? no , of course, this was impossible before, in the middle ages and during the cold war it was impossible, but

now in the age of the internet, in the age of such speeds, exchange, including scientific exchanges, it is simply impossible, the head of vtb kostin asked the president a final question, he asked whether the european ones, after 10 years, to which the president replied, they didn’t leave, they continue to work, there are contacts are just politicians, they don’t allow them to stay in russia, anna, thank you, connections, my colleague, anna lazareva, was from the vtb investment forum.

moscow and moskat have good prospects for developing cooperation in the energy sector and tourism. vladimir putin announced this today on the sidelines of the russia calling forum, where he held a short meeting with crown prince amana, zezin, benhaheim, said. the russian president asked him to convey his best wishes to his father, sultan aman, and invited him to our country in the new year. our trade turnover volume is still modest, but it is developing so actively and has increased significantly in the first 9 months of this year. i know that you are showing interest in logistics projects, and our companies are showing interest in working in

the energy sector. open now. direct air flights, and tourism is also one, one of the areas of activity, very interesting and promising, well, in general, we have something to do, and we are very glad that you are here during your visit, you will probably find additional, promising directions of our cooperation. i agree with you that the results of trade and economic cooperation between our countries are still modest, however, as a result of recent geopolitical events, it seems that there is every chance for active development, regardless of any emergency situations. the situation in the world dictates to us the need to create other mechanisms for trade between states, without imposing any ideologies, without pressure from third countries. it is necessary to create new economic international centers taking into account factors such as population size, natural wealth and resources. i believe that such centers can be located in asia and

africa. vladimir putin will also hold talks today with iranian president ibrahim raisi. he arrived in moscow on a working visit. as the kremlin press service reported, the leaders of the two countries will discuss joint projects, including in the fields of trade, transport and energy. earlier, brahim reise stated that she wanted to discuss with vladimir putin , including the construction of the north-south corridor. the presidents of the two countries will also exchange opinions on major international and regional topics. well, the day before, vladimir putin visited two countries on the arabian peninsula at once, the united arab emirates and saudi arabia. the russian president held talks with state leaders, discussing mainly bilateral cooperation in various areas, and paid special attention to discussing the conflict in the middle east. however, most of the negotiations in both countries took place behind closed doors, but the solemn ceremony organized for vladimir putin the reception and statements of arab leaders say:

a high level of relations and many promising areas of cooperation. vladimir putin's negotiations in eriyadh lasted about 3 hours, in abu dhabi about 2 hours. in international terms, of course, the idea is to create new such associations, south, east, alternative to the old international order, where they are trying as before. leader of the west, this also had a very great effect, probably, most of all attention is paid to this aspect at present - foreign countries, which is of course important for us, although the main thing is how our specific ties are developing; during the visit to abu dhabi and riyadh, the president’s board, let me remind you, was accompanied by russian fighters, as the press secretary of the head of state dmitry peskov explained, this due to the unpredictable

situation in the region, here is the footage that we received today from the ministry of defense, this is another video of the training and flight of russian pilots. departure from the capital of the united arab emirates and landing in saudi arabia. how the department noted that the pilots showed the highest skill, taking off from abudabi simultaneously in three aircraft in the closest possible group, at a distance of literally a few meters from each other. in the west , vladimir putin's hanging in the gulf countries was perceived as the strongest. blow, the world's leading media noted with disappointment that all attempts to isolate russia from the outside world had failed. arab countries emphasized their disdain for the sanctions imposed on russia. for example, the american publication the hill and the british newspaper write about this financial times newspaper. in turn, the washington post separately pointed out how the president was received in the emirates. russian.