by admin | May 25, 2021 | World
Vladimir Putin
Moscow : Russia’s export of arms and military equipment is expected to reach $15.3 billion by the end of 2017, Russian President Vladimir Putin said on Tuesday.
“Based on the results of January to September of this year, the portfolio of orders for military-technical cooperation exceeded $45 billion. Under the 2017 plan, export deliveries will amount to $15.3 billion,” Putin said at the meeting of the commission on military-technical cooperation of Russia with foreign states.
According to Putin, the economic and financial stability has been strengthened in Russian defence enterprises over the past few years, and their technological and production potential has increased, which helps to drive exports and improve their quality.
“This applies to both military and high-tech civilian products. In this regard, I would again recall the importance of diversifying the defence industry production,” he said.
While looking for commercial benefits in military products, Russia always prioritizes the interest of global and regional security and stability, Putin said, adding that Russia chooses its counterparties scrupulously and closely monitors the use of equipment and weapons by its clients.
The President also warned against turning conflict zones into sources of profitable businesses and linking the “grey network” of weapons supplies to countries and regions with an unstable military and political situation.
“Arms exports are a huge responsibility for any country, and all players on the global arms market must be aware of this,” Putin said.
—IANS
by admin | May 25, 2021 | World
Vladimir Putin
Moscow : Russia’s economy needs to become more dynamic and efficient, Russian President Vladimir Putin said on Tuesday.
“We cannot be satisfied with the current growth rate. We have to raise it to the levels above the global average,” Xinhua cited Putin as saying in an address to an international investment forum in the Russia capital Moscow.
The Russia leader said the country’s economy was reviving with its gross domestic product rising over the last four quarters, with the growth rate exceeding two per cent in the third quarter this year.
“To reach the pre-set targets, the country needs to activate new sources of growth,” he added.
Primarily, Russia needs to increase labour productivity through modernising production and launching new industrial units on the basis of modern technologies, he said.
Russia should keep improving its business climate, stimulate competition and create a more favourable environment to attract investment, Putin noted.
The second source of growth, according to Putin, is to further tap into Russia’s export potential.
The volume of Russian exports other than raw materials and energy rose by 18.6 per cent year-on-year to $77 billion in the first eight months this year, accounting for 35 per cent of all Russian exports.
—IANS
by admin | May 25, 2021 | World
Vladimir Putin
Moscow : Russia expects a record-high grain harvest this year, Russian President Vladimir Putin said on Sunday in a congratulatory message to agro-industry workers on the Agriculture and Processing Industry Workers’ Day, according to the Kremlin.
“Today agriculture, the agro-industrial complex as a whole is one of the most rapidly developing branches of our economy. This year we expect a record-high grain harvest of around 130 million tons, and this has been achieved despite unfavorable weather conditions,” Putin said, Xinhua reported.
The President noted that Russia has reaffirmed its status as the world’s leading producer and exporter of grain, adding that positive trends are seen regarding the output of pork, poultry, oil-bearing crops, sugar beet, fruit and vegetables.
Speaking highly of the efficient measures taken to boost the agro-industry, Putin said Russia will continue to develop organic products and deep processing as well as strengthening its positions in global markets.
He also said that improving living standards in rural areas remains the country’s priority.
“It means strengthening the social sphere, renovating schools, health clinics, cultural centers, building roads and developing rural territories,” Putin said.
Starting in 1999, the Agriculture and Processing Industry Workers’ Day is an official professional holiday in Russia and is marked annually on the second Sunday of October.
—IANS
by admin | May 25, 2021 | Business Summit, Events, World
Vladimir Putin
Moscow : Russian President Vladimir Putin said Moscow was looking to expand strategic partnership with the BRICS member nations to create a fair multi-polar world and equal development conditions for all, a statement said on Friday.
Ahead for the 9th BRICS Summit to be held in Xiamen, China from September 3 to 5, Putin said in the statement that he appreciated China’s significant contribution as this year’s chair of five member — Brazil, Russia, India, China, South Africa — bloc “which has allowed the BRICS countries as a group to move forward in all key areas of our partnership, including politics, the economy and culture”.
Originally the first four were grouped as “BRIC” before the inclusion of South Africa in 2010.
Since 2009, the BRICS countries have met annually at formal summits.
“It is important that our group’s activities are based on the principles of equality, respect for one another’s opinions and consensus. Within BRICS, nothing is ever forced on anyone,” Putin said.
“This open and trust-based atmosphere is conducive to the successful implementation of our tasks”.
The President said Russia stands for closer coordination of the BRICS countries’ foreign policies, primarily at the UN and the G20, as well as other international organisations.
“Only the combined efforts of all countries can help bring about global stability and find solutions to many acute conflicts.”
As for the situation on the Korean Peninsula where tensions have grown recently, Putin said the region’s problems should only be settled through a direct dialogue of all the parties concerned without any preconditions.
“Provocations, pressure, and militarist and insulting rhetoric are a dead-end road.
“Russia and China have created a roadmap for a settlement on the Korean Peninsula that is designed to promote the gradual easing of tensions and the creation of a mechanism for lasting peace and security,” Putin added in the statement.
—IANS
by admin | May 25, 2021 | Corporate, Corporate Governance
The Prime Minister, Shri Narendra Modi meeting the President of the Islamic Republic of Afghanistan, Mr. Mohammad Ashraf Ghani, on the sidelines of the SCO Summit, in Ufa, Russia on July 10, 2015.(Photo: PIB)
Ufa (Russia):(IANS) The 15th Shanghai Cooperation Organisation (SCO) summit opened on Friday in this Russian city, with the leaders expected to start an enlargement process for India and Pakistan.
The meeting, hosted by Russian President Vladimir Putin and attended by Chinese President Xi Jinping and other SCO leaders, will focus on planning the organisation’s future development, Xinhua reported.
Among the documents expected to be released are an SCO development blueprint, a border defence cooperation agreement and a declaration on the 70th anniversary of the victory in World War II.
In one of the biggest eyecatchers in the Ufa summit, SCO leaders are set to pass a resolution on starting the procedures of granting India and Pakistan full membership of the organisation.
Founded in 2001, the SCO has China, Kazakhstan, Kyrgyzstan, Russia, Tajikistan and Uzbekistan as its full members.
Afghanistan, India, Iran, Mongolia and Pakistan are observers while Belarus, Turkey and Sri Lanka are dialogue partners.
