the tourist industry in the soviet union , it was very highly developed, we had a network of tourist buses, and a network of routes, today it needs to be restored again, yes, you know, i always say, yes i keep saying, i say, you know, that everything is new, this well, the forgotten old one at the moment, not everything was bad , absolutely, that means, taking into account the experience that was, yes, we are restoring this today, of course, at a new level, because today the requirements of the time are different, yes, the requests of our guests are also different, we are, of course, behind in places accommodation, and in terms of service, well, this is objective, but nevertheless we visit it , that means we have started to buy franchises, yes, we have the vladikavkaz hotel, now it’s hilton.

and accordingly the level is increasing, we entered into the program, with the help of the federal center we entered into the program for the construction of glampings, in some of our remote settlements, in our efforts, we have already built glampings, and also the amount is quite a lot of 600-odd million, in principle, this is a good measure support, yes, the investor means he protects his the project receives the appropriate subsidies, but there are already some results, have you received more? so, based on the results of the year, in principle, yes, our traffic flow has increased, passenger flow has increased, and if we opened a new airport terminal building last year with a capacity of 5,000, yes, we have already exceeded this with the investor, we agreed that as soon as we exceed a million passenger turnover, it will be the second line will cost further thanks to the president’s decision, our

airport has become 24/7, which means we have already tour operators decided the issue that our flights are arriving specifically for a group of tourists there and so on, they are already all scheduled, the most important thing for us now is to improve the service sector and service, well, of course , to build not only here, let’s say, a lot attractions, yes, if you want, we have... from a cultural point of view, cultural tourism, that means we have the philharmonic, we have a branch of the marinsky theater, north ossetia is gaining incredible momentum in tourism, i also have another question regarding your external relations unique geographical location, but this is the kind of infrastructure that is being built so that there is communication abroad in the near caucasus, once upon a time many people have such a position, yes, that when there was the soviet union, we had two travel gorges, yes this..

. the georgian military road, in principle, it was a transit transport, then when the union collapsed, yes, in principle, people had a dead-end republic, well, we border, and south ossetia, it is not travelable, we understand this, but in fact, we have a big flow of transit traffic through the checkpoint upper vaz, yes, which goes to azerbaijan, georgia, armenia, turkey. and so on, this is a military, military-georgian road, so the government of the russian federation made a decision to reconstruct the checkpoint, but now the reconstruction is basically finished, 11 lanes, and construction is underway, the vladikavkaz highway, so that heavy transport does not go through the city, and roadside hotels, this is also in our plans, we are the home of the russian federation, then it will be

such a highlight, as it were, but that’s it including glamping sites that are quickly erected there and so on, next to those points of attraction that are interesting for people, we are restoring trails , hiking trails, we have connected all the gorges with one gravel road, now it is possible. in one gorge you can drive through all the gorge and go to the border balkai ivanovich, i urge you not only to listen to you, but also to go to the north and take a ride through these places, on my own i just want to disagree with you a little, no, i think that you do not you are falling behind, and if you know where to push and where to move, then the right path to follow, effective and productive work for you, a wonderful exhibition at the russia forum, thank you, well, i want to wish you a stand at our stand, this is not a slogan, ossetia

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the head of government mikhail mishustin, this will help open up more promising industrial lines. the government continues to help the russian economy adapt to conditions. to this end, they are launching a new program to support large investment projects worth over a billion rubles. the webrf development institute, according to a simplified scheme, will provide the company with a term from 3 to 15 years, the main thing is that the share of the borrower’s own funds is at least 20%. the equity fund will be able to invest up to half the budget of projects for which investors do not have enough of their own to launch funds - said the chairman of the russian federation, igor shuvalov. president vladimir putin at the vtb forum taught to ensure. launching investment projects, the government believes that this tool will help achieve

technological sovereignty. it involves increasing the availability of debt financing for the implementation of entrepreneurial initiatives worth from one to 20 billion rubles. to this end , the rbrf development institute will begin, using a simplified scheme , to provide guarantees to companies, the total volume of which may amount to 200 billion rubles. according to the approved rules, with their help it will be possible to secure obligations in the amount of up to 50% of the full loan amount. small and medium-sized businesses will receive additional support; the government will allocate 1 billion 300 million rubles to implement the leasing program. thus, even more companies will be able to sign agreements at preferential rates of up to -6% for russian-made equipment. stimulating the development of small medium-sized businesses

is one of the government's priorities. in in this sector, many important tasks for the state are solved, services necessary for citizens and enterprises are created, new jobs are created, and interesting innovations are born. the regions of the far east and the arctic will receive about 4.5 billion rubles for the purchase of heating oil. fuel. will replenish the reserves of thermal power plants and boiler houses in the kamchatka territory and the murmansk region, this will also allow organizations to compensate for the increase in fuel costs, noted mikhail mishustin. in the fall, work was already carried out to stabilize the domestic market petroleum products, for which we have partially limited their export from the country. this helped stop the rise in prices and completely meet the needs of our farmers and other organizations for fuel and lubricants. this industry, of course , housing and communal services

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post office bank. and we return to the russia forum site is calling and now we have a unique opportunity to chat live with its organizer, head of vtb bray kostin. i give the floor to my colleague anna lazareva. thank you tatyana, andrey leonidovich, hello. good evening. the first day of the forum has come to an end, and in this regard i have two questions. who is russia calling and where is russia calling in current realities? russia always calls for investors, both russian and foreign, to invest in our country. the forum has always been a platform that probably gave the most complete picture of what is happening in russia

in the economy, what measures are being taken by the country's leadership, the government, in this regard. our forum was today, in general, as always, there was an excellent speech by the president, then the heads of all our key economic departments, the chairman of the central bank, the minister of finance, the minister of economy, the presidential assistant on economic issues spoke, so russia is calling yes here to russia, but of course , unlike previous forums, the composition of participants has changed noticeably; there were essentially no western investors from the united states, great britain, europe, but investors from twenty countries were widely represented, which today are, as it were, our main partners, friendly countries, primarily china, india, turkey, iran, the countries of the arabian peninsula were very well represented, and the countries of central asia, our traditional brothers and

neighbors, so i think that in this regard the forum was very representative, i noted, answering your question, by the way, that you asked whether american and european investors will return in at least 10 years, to what he said, yes, they didn’t leave and cooperation continues, you notice this, they’re probably talking about it on the sidelines, open up the covenant, well, the president is right, i generally believe that we don’t have unfriendly investors , we have an unfriendly government, probably today , they are very pragmatic people, in essence, the vast majority of them, i think, do not accept the principles of intervention, some military-political ones. into financial activity because it harms everyone, in fact, it harms financial system of the whole world, so i agree with the president in this regard, that

well, firstly, firstly, that investors, of course, are waiting for the moment when they can return, when this political pressure on them is lifted, and secondly , today he gave an example that the number of foreign companies has even increased in our country, probably some of the companies came from friendly countries, replaced them, but western investors are also not all in a hurry to leave... russia, where are foreign companies, foreign investors now ready invest, well, you know, foreign investors, in general, are interested in investing in traditional industries, of course, this is the area of ​​energy, mining, but not only a broad interest in agriculture, in the food industry, in high technology, in the most various industries, in fact, therefore , now, of course, it is a little difficult to talk about broad investments, because well, which, as it were, are addressed to those countries

that cooperate with us, of course they cannot be ignored, because first of all the american authorities are putting very strong pressure on financial institutions, on financial investors, but it seems to me that everyone is waiting for the moment when it will be easier to do this, which is a plus, of course, here are the president’s visits yesterday. in the persian gulf countries show that there is a very great potential for cooperation there, and these are countries that have a very large investment resource, well, even in our bank at one time 500 million dollars were invested, to qatari direct investment funds, yeah, foreign investors had the opportunity to ask questions to the president, members of the government and relevant ministries, tell us what worries them most now? you partially said that secondary sanctions are possible and so on, yes, i am talking now about the speech

about the plenary session and about the sidelines, well, of course, investors are very interested in how in the new changed situation today, when in general there is such a restructuring, in general all systems of world, economic, financial relations, what is the policy russian government. what is the policy of the russian government regarding foreign investment, will russia be a closed country, does it want to close, or will it continue to pursue such an open policy of attracting foreign investors, what mechanisms exist here to encourage foreign investment, what conditions, what business climate remains, because many people think, well, russia is now conducting a special military operation there, probably the business climate could have worsened, no, they are getting full answers to this, you are right today. very many, there was a very long discussion, a long conversation, so i think this is the main thing, they are preparing for investments, many new investors have come, they don’t know our country well, well

, including china, india, these are the arab countries, yes , many of them have never invested here, but now there is increased interest, they see that the clearing is being vacated, as if western investors are leaving, in this regard, competition from western investors is decreasing or absent, so there are opportunities for and companies from friendly countries, so i was interested that the first question that was asked to the president, the chinese, investors from china asked it, concerned technological sovereignty, or rather even technological limitations, the meaning was this: won’t we have to reinvent the wheel or the wheel, then whether russia will lag behind technologically, how they are going to solve this question, i understand that you cannot answer for the entire economy, but for the banking financial sector, i think that... well, i think it is no coincidence, what's the question came from a chinese investor, because china, by the way, is probably russia’s main partner in technological cooperation today, china has a lot of developments

- high technologies, and in other industries, and which today will be in demand in russia and therefore i think that in this in terms of the question , how ready are we for technological cooperation? the president answered that we are ready to cooperate in any areas with our chinese partners, what we see, we see a significant rapprochement, in my opinion, the rapprochement of russia and china, even in the last period, the president’s visit to beijing recently showed how much our positions of the two countries are getting closer, this is of course a great, very positive basis for cooperation, including in the field of technology, i am sure that china will make a significant contribution , in those industries where we may today lack our own technological developments, although we ourselves have now begun to actively develop those, those, as it were, industries or those - areas that we previously, well, solved by importing technology from west.

yeah, and in what areas does vtb group currently cooperate with foreign investors? well, you know, we , firstly, of course, one of our goals is , first of all, to create a system of international payments, we have a large network in different countries, including our main trading partners, primarily in china we have the bank, by the way, is the only russian bank; today, we have a bank in india, other countries, in kazakhstan, in vietnam. and we use this to develop the payment system, one of the key our tasks, regarding investments, we of course work with our potential clients, but today many chinese companies already provide, including technological supplies to russia, we participate in the financing of these projects, large projects, gas processing into production, production development natural resources, where chinese companies...

chinese supplies are involved and we finance such large projects, they amount to billions of dollars, so we have a fairly large range cooperation, we will expand it, of course , but the promising countries, i understand that we are talking about china a lot now, this is our main trade, i think the arab countries are very promising, but maybe not even from the point of view of investment in direct investment, how much portfolio investment can there be, although there are also opportunities for direct investments, i repeat, after all, the countries of the persian... gulf have great financial capabilities and the main thing is that they are traditional, they have such expansion, they invest a lot in the economies of other countries, because their economies are quite small, so investments in western countries and other countries are very large, and of course, the fact that they are interested today and are conducting such a dialogue with russia, this opens up a lot great prospects for cooperation. vladimir putin paid special attention to the fact that external

investments were replaced by internal ones, yes, he said that the financial market is developing, but new tools are needed, that’s how you think the russian economy is now the economy depends precisely on these investments from abroad, is this dependence decreasing, and how do you assess this process, is it good or bad? well, you know, the russian economy has never been very dependent on foreign investments, they still accounted for a few percent, there it does not play a decisive role, for us, of course , the main thing is... domestic investments, these are investments from our business, these are loans that business attracts, so i don’t think there are any significant problems here, yes, a very important point, this, this, this internal investment from business, businesses today have resources, because in general, the situation in the economy is quite stable, profits are being earned, there is no point in sending money abroad now, so large medium-sized businesses are looking for business, but not

only business. today the president said that life has shown that investments, say, for the population in foreign financial instruments, turned out to be, well, a loss of money, yes, today, having violated all the norms, all the laws that exist here, western as if the decision of the western governments was simple , they simply robbed our population and those who invested money, but by the way, it’s interesting that we began to look at who invested, who invested, 85% of investors foreign paper prices are people who invested amount less than 100,000 rubles. that is, these are precisely people with not very high incomes, yes, with average incomes, and therefore we need to replace this, yes, now the model is more savings, spends less, saves more, we only have for october in in the banking sector , savings alone amounted to 900 billion rubles, which means that only time deposits have increased, so they can , of course, be transformed into investments, including those

measures that. today the president spoke about insurance, this is also one of the measures that would allow transforming the population’s savings into investment activities, this must be done, because we are not relying on our own resources, we will of course be open to foreign investment, but still , given the role of the domestic investment market, of course, we need to focus that's it, yeah, and then there's another question about the united shipbuilding corporation, which has already come under the control of vtb, do you have... an understanding of the company's development strategy, what are you going to blame, you know,