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Investments in foreign securities show their obvious unreliability — Putin

The Russian leader emphasized that such actions of Western countries are destroying their own economies

MOSCOW, December 7. /TASS/. Investments in foreign securities showed obvious unreliability - the West stole money even from individuals, Russian President Vladimir Putin said at the VTB Investment Forum "Russia Calling!"

"People’s savings should serve as an important source of investment resources, as is done in many economies around the world. Work for the economy, for development and bring additional income to the people themselves," Putin noted.

"For those who are ready to invest for a long time and earn money within the country, we are already creating attractive conditions, but investments in foreign securities... They showed what they are worth. The unreliability turned out to be so obvious and the actions of Western partners were so, I don’t even know what to call it, uncivilized, to put it mildly. They just stole money from people, individuals, it’s just a disgrace," he added.

Putin emphasized that such actions of Western countries are destroying their own economies.

At the same time, he noted the growing interest of Russians in the domestic stock market. "Today, the Russian stock market is actively attracting funds from citizens. More than 27 mln people already use the services of brokers - about a quarter more than a year ago. The value of the assets that they own is about 9 trillion rubles," he added.

Tags

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