maxim gennadievich in relation to the image of the future. how do you see the structure of our economy in 2030? good morning everybody. it seems to me that hermos, still, in my opinion, at least at our table. we have a heated discussion here on the topic of rebuilding the economy to the east. this is some kind of process that, well, almost itself has already passed. everything has already happened and the oil went to the east and imports. i went from the east. actually. this is a gigantic process that has just begun, which will take a very long time, and in the process of which there will be a structural restructuring of the economy, because not all of us will be able to redirect there, something will obviously fall out, and even what we showed with oil, that everything is fine with us already and oil has gone there, but it has gone, but the oil products that we have supplied they fell into europe, oil refineries are underloaded , what went to the east, went, because kuzbass coal was set aside a little, and so on and so forth. this is to answ

well, let's from the other side maxim gennadievich him, well, the question is not for 10 seconds.and we have only 10, and there are only 10. so, i think that the business is ready, and it was ready, we see the first quarter figures of 13%, just investments. here and as soon as the general situation becomes clear. what technologies are available? what kind of markets do we have that's business, now actively works on the reorientation of markets. we see that business investment projects are not abandoned . all this will be completed. well, of course, this is also a question, and for the time being it is profitable to keep money on deposits, so as not to keep them. why would you take on the risk, so as soon as the risk will decrease, and here is the cost, so to speak , of alternative use, and the business will be more active in investing, uh, excellent. well i would say that business is for that and business that he needs them so say take risks and invest those funds abroad. now no one is waiting, so. everything, please, is good, and people within the competence of the central bank,

maxim gennadievich good afternoon. hello of course, the first question is very important.ogistics. what are the routes that cargoes are currently taking, well, back in march it became obvious that logistics would begin to reorient itself from the northwest, which was the main route of our foreign trade to the east and partly to the south, which in fact has been happening in recent months. we are seeing a sharp increase. e, freight traffic towards the far east, both towards seaports, and towards land program transitions, and we see an increase in interest in e, to the black sea to the black sea basins, where e exporters are trying to move their cargo through turkey further to export markets, so a at b total fall rather moderate decline in foreign trade turnover. we see a very strong subsidence in the northwest. that is, if before may this fall was there in the nature of 25%, 30%, and in the month of june. this is already about 85% in terms of, as it were, in terms of container cargo turnover, because the northwest is located in the most uncomfortable european geopolitical e

that's because, as it were, uh, maxim gennadievich is yours.h, does your work continue in the minekan development, as if here he is, as it were, his position. yes, and so you can ask who is the doctor . doctors here, here is the medical team, she is sitting. and who are you? i'm just around, but in fact, if you're not kidding, yes, then this is actually such a very difficult balance and you need to talk not only about. the size of the expenditures of the monetary policy should be talking about the structure of the same expenditures. it is no less important than the amount of expenses in this regard. if you look at past years, we always managed to find this balance in the twentieth year. yes, when there was a serious recession, there was a large increase in unemployment and the budget responded with a very powerful stimulus, and only for credit policy it also stimulated and therefore we quickly recovered, therefore, in the discussions in the analysis that are being done in the ministry of finance at the central bank. everywhere there are very co

economic development of russia maxim reshetnikov, my colleague yulia makarova talked to him hello maxim gennadievich you very much for taking the time to meet before the st. petersburg forum. please tell us, the st. petersburg international economic forum starts tomorrow, given the sanctions pressure that russia has found itself under . do you think our country is ready to work with foreign partners now? russia remains a reliable partner and trade and investment partner for all countries who works here and for all foreign companies and the current situation we use in order to strengthen our interacting with the weird ones first. these are our partners in the eurasian economic, and the union and partners from the cis are those who sympathize and are observers in this union, and we use the current situation in order to deepen our integration, build a new trade logistics chain, switch to settlements in national currencies, make it easier and trust let's just say a more reliable translation system. here. well, decide here. where and most importantly to deepen, and industrial cooperation in production so

thank you maxim gennadievich that this fits into the planned development of the medium-term more distant prospects? yes vladimirovna still indeed, this is there the key question, because we now have logistics is changing is changing from west to east, so on the one hand. but we still invested quite a lot in the western direction. and we built a lot of roads there and docking there along scandinavia with norway, and so on. and like would, as would these roads. it is clear that in the near future we will not need such a volume, but the construction sites there are already deployed and it is clear that now it is still more correct to complete all these construction sites, it may even be with the understanding that they, well, for some time they will be underloaded, as planned, but key the issue that we discussed is really the issues of new transport key point. here is the north, the south, it really is, as it were, the way of makhachkala to derbent and the exit to iraq-kazmolyar - this is one of our key directions. there, of course, bypassing derbent here. i'm here with vital gennadievich,

i think that maxim gennadievich will be ready to donate, maybe even part of the expenses, because weent year, all income on expenses part of the expenses. it will be possible not to spend in excess of oil and gas revenues in order to carry out intervention. it should e. there is too much currency to send to the exchange rate, and, unfortunately, the market is such that we will not be able to reduce budget expenditures so much under conditions when we have an increased need for money, in order to stabilize the exchange rate with this additional demand, we will try, which means somehow from the budget to cut costs to buy back dollars as a result. all this will lead to even greater contraction of the economy. and the same deflationary spiral that we are already seeing signs of. it will simply unwind even further; the profitability of many industries, even export-oriented at the current exchange rate, has already become negative. and what is the position of the central bank in this dispute? the bank of russia firmly stands on its principles of lowering the key rate as inflation decreases

well , i can’t agree with maxim gennadievich in everything , that dreams and plans should somehow differnderstand, it seems to me that it should be the same thing. here we are exhausted by strategizing for 2 years we have been strategizing constantly. but it's good. and most importantly, the question around us, which we attack all the time, what do we demand from ministry of economic development in order to give us all the same conditions and forecasts. uh, well, when forecasts, yeah, about what? well, i myself have a chance, yes, in any strategizing there should be, if they are , as it were, pessimistic in advance and such a vector is set that we, no matter what we do, we will not develop our mechanical engineering, we will not break our electronics well then, in general - then what is the point of dreaming and striving for the future. well, of course, this is not so, and maxim gennadievich exaggerated here a little in order to play along with the discussion. eh, how to unfold, because we see that quite ambitious plans are being made, but what a situation we have with technology . when

course, it is impossible to build a bridge to the middle of the river, as we always do that maxim gennadievichys that we have already practically rebuilt the economy today, but this is not so, therefore, cardinal decisive measures are needed, i will name, but i will not mention one. qi, in russian, super-soft monetary credit policy, that is, it should be a redemption from the market of monetary obligations, as regions of infrastructure business projects of various levels through their bonds, and thus development financing will not be able to cope without kei. and also smart taxes, fifteen percent insurance premiums, tariffs that, in order not to be, uh, our monopolies are profit centers. top wealthy people in the country, and yet how the service worked for the rest of the economy. well, and something else, but still, management, which we spoke about today, is still very important, here germanovskaya once expressed this idea, but in fact this idea flies all over the world, that it is necessary to separate development management from current state management to create a center for the developmen