ST. PETERSBURG, June 17. /TASS/. The goal of the Russian economic policy is to bring inflation down to 4%, President Vladimir Putin said at a plenary session of the St. Petersburg International Economic Forum (SPIEF) on Friday.

"Our goal is to ensure the stable development of the economy for years to come, lower the inflation burden for citizens and businesses, reach the targeted inflation level of 4% in the mid-and long-term," he said, noting that "the 4% target remains."

It is senseless to sterilize the Russian stock of money with the help of global reserve currencies now, the Russian leader added. "But the remain principle to spend understanding how much has been earned remains, no one cancelled it," he stressed.