Media reports on Russian ships call into Ceuta are controversial — embassyRussian Politics & Diplomacy October 26, 22:03
Russia’s telecom watchdog tries to block LinkedIn through courtSociety & Culture October 26, 21:29
DPR envoy reports no constructive discussion on "Steinmeier formula" in MinskWorld October 26, 21:14
Six NATO countries say ready to dispatch their forces to Black Sea areaWorld October 26, 20:43
Moscow refutes allegations about plans for Russian cruiser's call into Spanish portMilitary & Defense October 26, 20:38
US, Israel abstain from UN GA vote condemning Cuba embargoWorld October 26, 20:31
Western sanctions expected to relax gradually in 2017 — ex-finance ministerBusiness & Economy October 26, 20:25
Mark Zuckerberg, Bill Gates intend to see battle for world’s chess crown — FIDE chiefSport October 26, 20:24
Mi-8 helicopter lost in Russia's Yamal was running out of fuel — IACWorld October 26, 20:20
VLADIVOSTOK, November 14. /TASS/. The Russian government is ready to unseal the accumulated reserves if the economic situation deteriorates, but plans to invest the funds only on condition of economic returns, Russian President Vladimir Putin said in an exclusive interview with TASS.
Putin recalled that the Russian authorities had been discussing the possibility to use money from the National Welfare Fund on key infrastructural projects long before the current drop in oil prices.
“We planned all those things previously, too, and now that the market situation is getting worse, we’ll get down to them. Still this doesn’t mean we can simply eat the reserves out and overlook economic returns just because we’re solving current problems. That’s not the way for us to go,” he said.
“If funds are utilized, the spending has several target areas. One of them is infrastructure. That’s where we presuppose to invest the money from the Welfare Fund,” Putin said.
“A supplementary automobile ring road around Moscow will be built. Many railway level crossings will be overhauled and new routes for the eastward haulage of cargoes will be built or upgraded. I mean the Trans-Siberian Railroad and the Baikal-Amur Mainline. Or take the high-speed railroads, as well as development of ports and airports,” he said.
“We said it two years ago,” Putin said. The Russian president, however, disagreed with the viewpoint that the country’s economy should be sped up with funds from reserves now.
Read Vladimir Putin's exclusive interview with TASS ahead of the G20 summit