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Vladimir Putin’s speech at the SPIEF 2023 plenary session

The President listed the major principles that ensure steady, long-term and sovereign development of the country’s economy:

🔹 Maintaining a balanced budget and monetary policy. This combination has resulted in record-low unemployment and inflation.

🔹 A policy of ensuring social justice, decreasing poverty and inequality.

🔹A focus on promoting private initiative and expanding freedom of business activity.

🔹Lifting digital restrictions and priority development of transport and logistics networks as well as other infrastructure.

🔹The openness of the economy and expanding relations with reliable and responsible partners who are today’s drivers of the global economy.

“We need a proactive economic policy which can be built up and implemented in close alignment with the business community, our businesspeople. In fact, this means transitioning to a qualitatively new development level – a sovereign economy that not only responds to market conditions and takes into account demand but also creates demand itself,” the President of Russia said.

The President also outlined the directions for developing “supply-side economics”:

🔹Improving employment resources: retraining people, universities and colleges to focus on successful job placement for their graduates.

🔹Expanding entrepreneurial activity: support for beginning businesspeople and a system for smoothing the transition from SME to a larger business.

🔹Ensuring investment growth: increasing investment in projects for manufacturing priority industrial products. The Project Finance Factory is already operating; it is now supporting 26 projects worth 1.8 trillion rubles; another seven projects have been endorsed, valued at 345 billion rubles.

🔹Introducing lean manufacturing: raising the effectiveness of the real economy and services industry, stepping up labour productivity.

🔹 Production automation and use of AI technologies: a new platform is being launched for this, the Future Technologies Forum, which will provide a platform to discuss advanced trends in technology progress each year.

“Expanding Russia’s economic capabilities and fulfilling its potential must be directly linked with the growing well-being of our citizens. This is the essence of economic growth,” the President concluded.

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On June 17, Vladimir Putin will receive the leaders of a number of African states who, in accordance with an earlier agreement, are arriving in St Petersburg to hold talks on possible ways to reach settlement in Ukraine

#Announcement

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Vladimir Putin met with Valentina Tereshkova

The President congratulated the world’s first female cosmonaut on this remarkable date, the 60th anniversary of her three-day solo flight around the Earth aboard the Vostok 6 spacecraft which began on June 16, 1963.

The President presented the Order of Gagarin to Valentina Tereshkova for outstanding merit during this historic piloted space flight and her active public and international efforts.

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Vladimir Putin took part in a flag raising ceremony in the Gulf of Finland

The state flag of the Russian Federation and the flags of the USSR and the Russian Empire were raised on 175m high flagpoles installed along the coastline near the Park of the 300th Anniversary of St Petersburg. The event marks the anniversaries of each flag's establishment, with 330 years of Peter the Great’s tricolour, 100 years of the Red Banner, and 165 years of the flag of the Russian Empire.

The President observed the ceremony from the water, with comments given by Yelena Ilyukhina, Deputy General Director of Gazprom Neft and General Director of Gazprom Lakhta.

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Vladimir Putin is meeting with the heads of African states' delegations in the Constantine Palace

The heads of delegations arrived in St Petersburg in accordance with an earlier agreement to hold talks on possible ways to resolve the situation around Ukraine.

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Congratulations on Medical Worker Day

"Friends, you help people preserve their health and often save human lives. Your knowledge, competencies, skills, your desire to improve your qualifications, to be professional and to use innovative technology and treatment methods are tremendously important. No less significant, though, is your kind and caring attitude to your patients. From the bottom of my heart, I wish a happy holiday to everyone who works at federal and regional medical institutions, district and municipal hospitals and outpatient clinics, at rural paramedic centres, as well as the air ambulance professionals, ambulance teams and Emergencies Ministry specialists who are always there and ready to ride or fly to help patients. Special words of gratitude go to the doctors who are fulfilling their professional duty as part of the special military operation, risking their lives to save wounded troops,” the President’s message reads, in part.

#Congratulations

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The President had a working meeting with Governor of the Novgorod Region Andrei Nikitin

The discussion focused on the region's socioeconomic development.

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On June 21, the President will hold a videoconference meeting with members of the Russian Federation Government

The key topic will be the provision of necessary solid minerals for the economy. A number of current issues will also be discussed.

On the same day, the President will hold a traditional meeting with graduates of military higher education institutions.

See more on the Kremlin’s official website.

#Announcement

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During his visit to the North River Terminal, Vladimir Putin took part in a ceremony to launch the first regular year-round electric river transport service

Moscow Mayor Sergei Sobyanin and Sitronics CEO Nikolai Pozhidayev reported to the President.

In addition, the President toured an exhibition from the Museum of Transport, "The Moskva River. The Moscow Golden Ring," at the North River Terminal.

See more on the Kremlin’s official website.

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Vladimir Putin held a meeting on river navigation

"The entire territory of our country has many rivers, reservoirs, and canals. They play a tremendous role in passenger and freight service, in hydroelectric power, agriculture, and in ensuring the operation of the utilities complex. Improving water transport has a significant effect on the overall economic growth of the country and the development of industry, tourism and other industries in the regions. <…> There are many opportunities here which must be used in an efficient and assiduous way,” the President said.

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Vladimir Putin held a meeting on the development of river navigation. The President’s key points:

🔸 Water passenger service must be stepped up not only between regions but also between neighbouring towns and within cities.

🔸 It is crucial to ensure a guaranteed waterway depth for ships especially on the most popular routes, which will help expand the passenger and cargo transport system.

🔸 The Government, along with the regions, must identify priority sections of waterways and work to fund improvements. Full financing must be envisioned from 2026 onward.

🔸 A decision was taken to finance the building of 260 boats through 2027 with funding from the National Wealth Fund.

🔸 The use of environmentally clean water transport must be expanded with related infrastructure.

🔸The mechanism for purchasing and leasing boats/ships must be fine-tuned to provide for the renewal of the riverboat fleet.

🔸 The tax exemptions and insurance subsidies for domestic shipbuilders and riverboat operators currently in effect must be extended at the federal level to support these companies.

🔸The government and the concerned regions must begin the reconstruction and modernisation of the Moscow Canal no later than 2025.

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Vladimir Putin answered a journalist's question about the current situation at the front

“The Ukrainian armed forces launched it [the counter-offensive] on June 4 using their strategic reserves. Oddly enough, it is a slow burn at the moment, because the enemy is sustaining serious personnel and equipment losses. As of last night or this early morning, to be exact, our men have taken down 245 tanks and about 678 armoured vehicles of different types, to say nothing of the enemy’s personnel losses, which are very significant. Apparently, the enemy is busy putting together new divisions out of brigades that sustained serious losses and is restoring its combat capacity. Of course, the enemy is wary of similarly large losses in the future because it might not just lead to it losing its combat effectiveness – or, to be exact, lead to losing not only its offensive potential but the army’s combat readiness in general,” the President said in part.

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Vladimir Putin met with top graduates of higher military schools in St George’s Hall of the Grand Kremlin Palace

“Strengthening and developing the army and the reliable security of the country has been our unconditional priority. Considering the new challenges and, of course, the invaluable experience of carrying out the special military operation, we will continue to comprehensively improve the armed forces,” the President stressed.

See more on the Kremlin’s official website.

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On June 22, the 82nd anniversary of the beginning of the Great Patriotic War, Vladimir Putin will take part in a wreath-laying ceremony at the Tomb of the Unknown Soldier in Alexander Garden

#Announcement

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Vladimir Putin held a meeting with Government members

The key topic was the provision of necessary solid minerals for various economic sectors.

The meeting participants also discussed providing assistance to those affected by the collapse of the Kakhovskaya dam, financing industry-specific state programmes in Russia's new territories, and the progress of digitalisation in the transport sector.

See more on the Kremlin’s official website.

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Vladimir Putin held a briefing session with permanent members of the Security Council, via videoconference

The agenda included matters related to the situation in the special military operation zone. Defence Minister Sergei Shoigu and Secretary of the Security Council Nikolai Patrushev took the floor during the meeting to present their reports.

“Of course, they can always get more arms supplies, but their mobilisation reserves are limited. It seems that Ukraine’s Western allies have in fact decided to fight Russia until there are no Ukrainians left. At the same time, we must proceed from the premise that so far, the adversary has not depleted its offensive potential and has yet to deploy some of its strategic reserves. I am asking you to take this into consideration. We must be guided by the actual situation in our combat planning,” the President said.

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On the 82nd anniversary of the beginning of the Great Patriotic War, the President laid a wreath to the Tomb of the Unknown Soldier by the Kremlin wall to pay tribute to the memory of those who fell while fighting the Nazi invaders

The President went on to lay flowers at the Hero City obelisks and the monument in honour of the Cities of Military Glory.

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