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Most important task is to prevent recession - new Econ Development Minister

June 24, 2013, 15:03 UTC+3

Alexei Ulyukayev outlined the main issues and challenges of his new office

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MOSCOW, June 24 (Itar-Tass) - Alexei Ulyukayev, who was appointed Economic Development Minister on Monday, believes the most important tasks for the near future are to prevent a recession and fulfill the obligations to citizens and an objective for the future is to organize stable system work without rush jobs.

"The short-term tasks are to prevent a recession, ensure fulfillment of the obligations of the state to the society, to Russian citizens and then form the basis for serious substantial long-term economic growth," He said. So that obligations could be fulfilled without rush work and not be dependent on being lucky or not lucky, whether oil will be good or not, but with guaranteed diversification economic structures, understandable stimuli and working efficient mechanisms, Ulyukayev said, noting it also applied to so-called long money and investment potentialities.

He believes investments at present are main solutions. It is necessary to unite efforts to create favourable conditions for private investments, help with state investments and ensure best selection of projects. And thus to come to the level of demand and the level of economic activity that will ensure a high and stable rate of economic growth, the minister said.

Ulyukayev thanked Putin for confidence. He said he realized the responsibility. He noted he took office in an uneasy situation. One thing is to take over the post when the growth rate is seven percent, and another thing is when three percent are reached with difficulty, he noted.

Putin during the meeting noted the minister was expected to establish working relations with colleagues in the government, with the Kremlin administration and the Federal Assembly for efficient cooperation.

The president wished the newly-appointed minister successful work and expressed confidence that his experience of work at the post of first deputy finance minister would be useful.

Work of an economic development minister is one of the key areas of activities of any government, Putin noted. Efficiency of the work largely depends on what working relations are established with parliament members, the administration, the Central Bank and colleagues in the government, including colleagues in the Finance Ministry, Putin believes.

There has been much discussion over the organization of the economic group, he noted. But however it is organized on a paper, these are people united by common aims and common tasks and thinking and speaking a common language, he added.

The president noted that after the work in the Finance Ministry, Ulyukayev also worked in the Central Bank. “I think that your skills and your experience of the work in the Central Bank, the main regulator of financial activities, a controlling body, will certainly be very much needed at the new post. I mean that the discussion continues about what is the first in point of the economy development interests and economic growth ensuring,” the president said. He wished Ulyukayev successes in the work.

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