"Houses are safer": the main thing from Putin's speech at SPIEF-2022 Vladimir Putin

spoke at the plenary session of SPIEF. He outlined the main principles for the development of the Russian economy and announced the reform of business regulation.

On sanctions, the West and special operations

“The United States, having declared victory in the Cold War, declared itself to be the messengers of the Lord on earth, who have no obligations, but only interests, and these interests are declared sacred. They do not seem to notice that over the past decades, new powerful centers have been formed on the planet and are louder and louder. “Change is fundamental, pivotal and inexorable. And it is a mistake to believe that the time of turbulent changes can, as they say, sit out, wait out, that supposedly everything will return to normal, everything will be as before ... It will not be.

Putin called sanctions against RUSSIA insane and thoughtless Politics

“The economic blitzkrieg against Russia initially had no chance of success. At the same time, the sanctions weapon is double-edged. It inflicts comparable, and even greater damage to the very same ideologists and designers of it. <…> Inflation growth in some eurozone countries has already exceeded 20%. I talked about our inflation, but the countries of the eurozone do not conduct any special military operations, and inflation has risen to 20% for some of them.” “The separation from reality, from the demands of society [in the West] will inevitably lead to a surge of populism and the growth of extreme, radical movements, to serious socio-economic changes, to degradation, and in the near future, to a change of elites. Traditional games, as you can see, lose all the time. <...> The European Union has finally lost its political sovereignty, and its bureaucratic elites are dancing to someone else's tune,

Putin predicted degradation and change of elites for the EU Politics

www. “The deterioration of the situation in the global economy is not a matter of recent months. Especially not the result of a special military operation carried out by Russia in the Donbass. Such statements are a frank and deliberate distortion of the facts. “Recently, I hear more and more about the so-called Putin inflation in the West. <...> Russia, our actions to liberate Donbass have absolutely nothing to do with it. Today's rise in prices, inflation, problems with food and fuel, gasoline, in the energy sector as a whole are the result of systemic mistakes in the economic policy of the current US administrationand European bureaucracy. About grain: “As for Ukrainian supplies, we don’t interfere, for God’s sake, we didn’t mine the passages in the Black Sea. <…> It’s not about us, it’s about the adequacy of the people who are in power in Kyiv.” “The economy of “imaginary entities” (DOLLAR, euro) is being replaced by an economy of real values ​​and assets.” "In a rush, with a swoop to crush the Russian economy" did not work, Putin said. “In order to continue to achieve success, we must assess the situation as honestly and realistically as possible, at the same time be independent in our conclusions and, of course, believe in our own strength - this is very important. We are strong people and we can handle any challenge. Like our ancestors, we will solve any problem. This is evidenced by the entire thousand-year history of our country.” On the possible membership of Ukraine in the EU: “We have never been against it. We have always been against the military development of Ukrainian territory, because it threatens our security. That's what we were up against. But as far as economic integration is concerned, for God's sake, that's their choice."

On June 17, the European Commission recommended granting Ukraine the status of an EU candidate.

“We are not threatening anything. But everyone should know what we have and what we will use if necessary to protect our sovereignty.”

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On the principles of economic development

1. Openness . “Truly sovereign states are always aimed at equal partnership. We will expand interaction with those who are interested in this, there are many of them, I will not list, this is the overwhelming number of people on earth.”

2. Reliance on entrepreneurial freedoms . “Each initiative should receive support and space for implementation. Adaptation to rapidly changing external conditions also takes place thanks to private business.”

“Real lasting success, a sense of dignity and self-respect comes only when you link your future, the future of your children with your homeland. <...> For possible heirs of capital, it is still unknown what is more important - money or a good name - this is certainly something no one will squander and no one will drink away.

“Recent events have only confirmed what I said earlier: houses are safer. Those who did not want to hear this obvious message have lost hundreds of millions, if not billions of dollars in the West.”

3. Responsible and balanced macroeconomic policy .

4. Social justice . “Such development should lead to a reduction in inequality, and not to its exacerbation, as is happening in some other countries. We are not champions in solving these problems either.”

5. Advanced development of infrastructure . “We have already increased direct budgetary spending on strengthening transport arteries. Next year, a large-scale plan for the construction and repair of the federal highway network will start. In five years, at least 85% of its length must be brought to a standard state.”

6. Achieving technological sovereignty  is a cross-cutting principle. “Import substitution is not a panacea, not a cardinal solution. If we only repeat others, try to replace foreign goods, even with the highest quality copies, then we will be in the position of constantly catching up. And you have to be one step ahead.”

See also Putin called sanctions against Russia crazy and thoughtless 01:01

Offers

On a permanent basis, refuse to conduct most inspections of all Russian businesses whose activities are not associated with risks of harm. “In the near future, a bill should be adopted to reduce the statute of limitations for tax crimes, as well as to refuse to initiate criminal cases after the full repayment of tax arrears.” Reconsider the parameters of major and especially major damage. Decriminalization of economic offenses relating to work without a license or accreditation. Review of the grounds for the detention of entrepreneurs and the extension of the preliminary investigation. Revise the threshold for criminal liability for customs and other payments.

Putin announced a reform of business inspections and a change in the amount of damage in the Criminal Code Business

Launch of industrial mortgage at 5%. “Creating production buildings from scratch still takes two to three years, while the acquisition of ready-made premises is constrained by high interest rates on loans. In order for the domestic business to be able to quickly expand the production of the necessary products, I propose to launch a fundamentally new tool - industrial mortgage. Reduce the rate on preferential mortgages to 7% from the current 9% fixed in May. The program will remain the same until the end of this year. The amounts will also remain the same: the maximum loan amount for Moscow and St. Petersburg is 12 million rubles, for other regions - 6 million rubles. 120 billion rubles from the NWF to increase the capacity of VEB's Project Financing Factory — the measure should provide additional lending to projects in the amount of about 0.5 trillion rubles.