Financial recovery of B&N Bank to last 6-8 months — Central BankBusiness & Economy September 21, 14:33
Russian senator says Morgan Freeman used instead of evidence in anti-Russian videoRussian Politics & Diplomacy September 21, 14:17
Moldova’s liberals initiate presidential impeachmentWorld September 21, 14:06
Fan-ID system helped against racism during FIFA Confederations Cup — officialSport September 21, 13:35
Russian warship sails through English ChannelMilitary & Defense September 21, 13:12
Kremlin slams attempts to brand Russia as aggressor while discussing UN mission to DonbassRussian Politics & Diplomacy September 21, 13:07
Press review: Peacekeepers in Ukraine stalled and Russia suspects US leak to IslamistsPress Review September 21, 13:00
Kremlin shares Defense Ministry's stance on US role in militants’ attack in SyriaRussian Politics & Diplomacy September 21, 12:36
Admiral Essen frigate returns to Sevastopol from Mediterranean SeaMilitary & Defense September 21, 12:03
MOSCOW, December 27 (Itar-Tass) — The Reserve Fund’s 100 billion roubles may be used for priority projects, Russia’s President Vladimir Putin told the government on Thursday.
“To avoid any misunderstanding, what I mentioned recently in the Address is that we may unseal the Reserve Fund slightly earlier – 100 billion may be used for investment projects,” he said.
“This is not breaching the budget rule, we have agreed on this with the finance ministry, and the actions are agreed, so we shall be doing it only after settlement of certain formalities.”
The president said that by the yearend the aggregated reserves made over 9 percent of the GDP.
“We may approach the work still observing the parameters, on which the government has agreed with various ministries, and which the prime minister has approved,” Putin said. “The most important fact is that we are still following the agreements, and that leaders of sectors do not over-press the earlier decisions.”
The president said the budget rule should be observed.
“We do know perfectly well, and we have discussed it necessary to optimise work in various directions,” Putin added. “We do have resources, reserves for optimisation of every sector, the process requires persistent work.”
The government is moving the right direction, the president said.