MOSCOW, February 29. /TASS/. The capitalization of the Russian stock market should double by 2030 and amount to 66% of GDP, Russian President Vladimir Putin stated in his State of the Nation Address to the Federal Assembly.

"The Russian stock market needs to strengthen its role as a source of investment. Its capitalization by 2030 should double compared to the current level, amounting to 66% of GDP. At the same time, it is important that people have the opportunity to reliably invest their savings in the development of the country and receive additional income," he said.

Putin also called for more than doubling public and private investment in research and development. "I believe that we must more than double the total investments of the state and business in research and development, bring their share to 2% of GDP by 2030 and become one of the leading scientific powers in the world according to this figure," he said.