Prime Minister Vladimir Putin chaired a Cabinet meeting

"Our goal in the coming years must be to improve the performance of the basic, fundamental branches of the Russian economy: transport, fuel, energy, banking, farming, and others. We must make serious progress in building a system of national innovation, promote competition, and create reliable guarantees of ownership rights."

Prime Minister Vladimir Putin chaired a meeting with the chairman of the Federation of Independent Trade Unions, Mikhail Shmakov

The key areas of the interaction between Independent Trade Unions and the Government, the problems of the development of the pension system and the new wage system in the budget sector were under discussion.

Prime Minister Vladimir Putin held a meeting on the concept of Russia’s long-term social and economic development until 2020

"Under the circumstances [of the financial crisis], the Russian banks and companies which have been borrowing money in the West will find it very difficult to extend old credits and get new ones in the Western financial institutions. Therefore, the Russian Government and the Central Bank have offered a number of additional measures to support the Russian financial system, to continue the projects launched earlier, to restrict the negative impact of the world financial crisis on the domestic economy, and to protect the assets of Russian companies abroad."

Prime Minister Vladimir Putin met with South Korean President Lee Myung-bak

"The Republic of Korea is our reliable partner in tackling a number of international problems. We hope that our fruitful cooperation will continue."