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Prime Minister Vladimir Putin chairs a meeting of the Vnesheconombank (VEB) Supervisory Board

Mr Putin said that although VEB spent considerable funds on anti-crisis measures in 2009, it also continued to operate as a bank for development. He said he was confident that in 2010 VEB funding would be “used effectively to modernise technology in Russian industries…which will generate additional demand for innovation.”

Events for 25 may 2010

Prime Minister Vladimir Putin chairs a meeting on developing modern small arms and close combat weapons in Izhevsk

“Russian small arms and close combat weapons are superior to their foreign counterparts in many ways. Our weapons systems enjoy stable demand abroad. Suffice it to recall the Kalashnikov rifle, one of the most recognisable brand names in the world. Nevertheless, as in other areas, we need to make progress.”

Prime Minister Vladimir Putin meets with President Alexander Volkov of Udmurtia

Prime Minister Vladimir Putin and President of Udmurtia Alexander Volkov discussed the situation at IzhAvto and the construction of housing for veterans and young families, noting positive demographic trends.