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Prime Minister Vladimir Putin visits the Central Aerohydrodynamic Institute (TsAGI) in Zhukovsky near Moscow

At a meeting with employees of the Central Aerohydrodynamic Institute (TSAGI) in Zhukovsky, the prime minister reported that from January to May of 2010 industrial production had grown by 10.3% as compared to the same period in 2009, and that unemployment had fallen by 14.4%, or almost one million people. “We have started to come out of the downturn,” Vladimir Putin said.

Prime Minister Vladimir Putin observes a test flight of a fifth-generation fighter jet in Zhukovsky, near Moscow

In his conversation with test pilot Sergei Bogdan, Vladimir Putin noted that Russia’s fifth-generation fighter will be two and half to three times cheaper than its foreign equivalent. “This machine will be superior to our main rival – the American fifth-generation F-22 fighter – in manoeuvrability, weapons systems and range,” added the prime minister.

Prime Minister Vladimir Putin meets with Chevron Chairman and CEO John Watson

Prime Minister Vladimir Putin discussed relations between Russia and the United States, pointing out that their development is impeded by several factors, including the Jackson-Vanik amendment. “I am absolutely convinced that these archaic schemes and barriers, which were created during a previous era of international relations, are serious impediments to our business relations,” said Prime Minister Putin. He also expressed his hope that the future joint project of Chevron and Rosneft will meet environmental standards.

Events for 16 june 2010

Prime Minister Vladimir Putin chairs a meeting of the Government Presidium

"Russia is a world leader in its reserves of oil, natural gas, gold, diamonds, silver, copper, lead, iron ore and coal. This is our natural competitive advantage, which we must use, but use wisely. Ultimately, mining accounts for over 30% of the country’s GDP. Today geological exploration is a promising and attractive enterprise, where each rouble invested by the government attracts 10 roubles of private investment."

Prime Minister Vladimir Putin holds a meeting on the spending on national defence, security and law enforcement in the federal budget for 2011-2013

“We intend to buy only new, state-of-the-art equipment and not what was designed twenty or even thirty years ago. For this purpose, we made a full inventory of the military industrial complex and specified basic requirements for military production.”