Russian President Vladimir Putin has described projects to boost investments and modernization of economy at the second “Russia Calling!” investment forum today, organized by VTB bank. Putin said that the leaders of major investment funds and heads of global companies had been working in Russia for a long time and were aware of the prospects for further operation.
Putin said that Russia was committed to WTO principles, an open market economy development of industry and infrastructure, creation of new jobs and improvement of living standards.
According to the president’s evaluation, sanctions will stimulate the country to concentrate on its own resources, choose the best solutions and aid efficiency. Putin clarified that the federal budget had increased by 2% of GDP, twice as much as in 2013.
