Prime Minister Vladimir Putin holds a conference on the development of the retail electricity market
The conference participants discussed new rules of the retail electricity market, which, in the opinion of the prime minister, “will protect the interests of legitimate consumers and suppliers of electricity, and will make it possible to guarantee a high level of competition while maintaining reliable electricity supplies.”
“Despite my likely change of workplace, I hope to continue to work closely with the Strategic Initiatives Agency. I will support your work in every way possible, as will, I hope, the future government.”
“We’ll work as energetically as before, even a bit more.”
“Our goal is to create a flexible toolkit, including fiscal tools, to make all of hydrocarbon production projects more attractive for investment. In this way, we will be able to strategically enhance Russian energy security and play a bigger role on the global energy markets.”
Prime Minister Vladimir Putin chairs a government meeting
Prime Minister Vladimir Putin thanked government members for their joint work and noted that “support from Russian citizens has always helped” the incumbent government. He expressed confidence that the future government would continue to rely on the people. We must never forget about the needs of ordinary Russians, the prime minister stressed. Vladimir Putin said that work in the government during these “very difficult years” was “quite a challenge” and “he learned a lot from it”.
“As a mater of fact, a new mechanism has been created and tested for attracting foreign investment and granting foreign companies access to operate in strategic sectors of the Russian economy. Since it was formed four years ago, the commission has considered more than 140 applications from foreign companies and investors. An overwhelming majority of those applications has been approved.”