Vladimir Putin: Russia Remains Reliable And Predictable Partner

Russian President Vladimir Putin has said that despite the global instability affecting the world markets, Russia remains a reliable and predictable partner supplying oil and other energy raw materials. Speaking at the current visiting session of the World Economic Forum in Moscow, the president said that today Russia has quite a few stable and reliable sectors which have proved positive for the development of the entire world economy. In the first place, it refers to the energy resources. The head of state stressed Russia pursued a strategic goal of becoming a country producing competitive goods and services. In his words, the Russian government is directing all its efforts at this goal. The president acknowledged that integration into the world capital markets required solution to the issues related to proprietors' rights protection, upgrading corporate management and financial transparency. Vladimir Putin noted that the forum's discussions would focus on the aforesaid issues and added that the topics to be considered were most vital for Russia's economy. In his words, among the problems on the agenda are the situation in the banking sector, direct investment and corporate management. Putin said that Russia had already drafted the corporate management code and would highly value the opinion of the forum's participants on it. The Russian head of state remarked that the IMF had adopted such a document earlier and added he was not sure if Russia needed to invent the bicycle again.