"We have discussed on a number of occasions the need to optimise and increase the efficiency of budgetary expenses. We have allocated huge funds for priority national projects, and they should work with maximum efficiency - to both address social problems, and, which is of vital importance under the current circumstances, to stimulate demand in the economy."
At the meeting, Vladimir Putin and Yevgeny Primakov discussed the performance of the Chamber of Commerce and Industry during this year.
Prime Minister Vladimir Putin watched a Euroleague round 8 basketball match between CSKA Moscow and Real Madrid.
Mr Zubkov and Mr Rodrigues exchanged opinions on the global financial markets and discussed the various aspects of Russia-FATF interaction, also through the Eurasian Group on combating money laundering and financing of terrorism (EAG).
Mr Sechin said that “if the oil prices on the global market maintain their current level, the Russian oil sector will have to cut supplies by 16 million tons annually or 320,000 barrels per day next year, as well as reduce investment, which may result in a more radical curtailment of production in the near future.” According to him, the implementation of such forced measures could have lasting consequences.
Events for 16 december 2008
Prime Minister Vladimir Putin visited the dairy complex Yershovo in Odintsovo near Moscow
Prime Minister Vladimir Putin visited the dairy complex Yershovo in Odintsovo near Moscow.
Prime Minister Vladimir Putin chaired a meeting on additional measures to support agriculture
"The entire national economy is under that burden, and it should be distributed between all branches more or less evenly. Still, we should make agriculture an exception, as in previous years, to ease pressure on it. We have agreed to subsidise 80% of agricultural credit refinancing. <...> It is necessary to regulate the grain market. For that, the Agriculture Ministry should greatly increase the effect of purchasing interventions. With that end in view, we have agreed to increase the authorised capital of Rosselkhozbank once again-by 45 billion roubles this time, after this year's recent 35 billion roubles."
The Government Commission on the Fisheries Industry met at the Government House in Moscow today
The Commission summarised the results of the salmon fishing season in the Far Eastern Federal District, praised the efficiency of special commissions headed by Governors of the Far Eastern regions, and issued instructions to develop proposals to further improve regulation in the industry.
