Prime Minister Vladimir Putin chaired a meeting on the economy
"No doubt, considerable budget funds will be needed to support the financial sector and industries. The amount should be commensurate with the scale of the problems that arise. Half-measures will not accomplish our goals. However, there are budget limitations that cannot be ignored. For this reason, the effectiveness of this budget spending - both current and additional - is vital".
Mr. Zhukov reported that the funding of the Russian Railways investment programme will be increased to 632 billion roubles by the year 2011. “In 2007, this investment programme amounted to 396.2 billion roubles. In our estimates and plans, it will go up to 632 billion roubles by 2011,” Mr Zhukov said
Events for 28 october 2008
Prime Minister Vladimir Putin participated in the Third Sino-Russian economic forum
"Russian and Chinese companies' interest in mutual projects continues to grow, especially in the areas that determine the development prospects of our trade and economic relations. This Forum's agenda it is a vivid illustration. It includes interaction in the high-tech, energy, civil aircraft building and banking sectors."
"Addressing the Second Russian-Chinese Economic Forum's opening ceremony, you analysed our bilateral economic ties in great detail. It is true, that our relations have taken on a new character in the last few years. It's not an exaggeration to say that the border between our countries unites, rather than divides, our nations."
"Addressing the Economic Council, Mr Wen Jiabao mentioned several very important issues, one of which was that the basis for developing relations between our countries is mutual trust. The Russian-Chinese relations have gained stability. The two countries' comprehensive partnership continues to grow, fueled by mutual trust and interaction."
"I am referring to the volume of our trade, its components, and a high degree of diversification of our relations. This would include energy, transport, investment, high technology, construction, farming and the environment. It is hard to name another country with whom we deal on such a wide range of interaction. And in each of these fields we are constantly boosting our efforts and respective results."
After the meeting the First Deputy Prime Minister said that in spite of some political complications Britain is committed to developing economic links with Russia.
The restoration work will begin this year, Mr Zubkov announced after the first meeting of the Board.
“The federal targeted programme we are considering,” he said, “is in fact the main element of the Development Strategy of the Electronics Industry until 2025. The future of one of the most promising spheres of development of the Russian economy depends on how we begin.”
