Russia’s President Vladimir Putin holds a meeting on economic issues in the Kremlin. Left to right – Minister of economic development of Russia Alexei Ulyukayev, the Russian presidential aide Andrei Belousov and Chairman of the government of the Russian Federation Dmitry Medvedev. Right to left – the head of the Central Bank of the Russian Federation Elvira Nabiullina, the Chairman of the accounts chamber of the Russian Federation Tatyana Golikova, the Minister of Finance of the Russian Federation Anton Siluanov and first Deputy Prime Minister Igor Shuvalov
At a night meeting on the economy of Vladimir Putin, which took place on the night of last Friday, they discussed increasing the limit of project financing by the Central Bank. About it writes on Monday, the newspaper “Vedomosti” with reference to the three Federal officials who are familiar with the course of the conference from its participants.
Interlocutors of the edition told that the initiator of the meeting was made by the Minister of economic development Alexei Ulyukayev. His Department proposes to increase the program of the Central Bank from 100 billion to 240 billion rubles. the speaker tried to convince colleagues of the need to stimulate economic growth through state investments, one of the forms of project financing.
The head of the Central Bank Elvira Nabiullina and presidential aide Andrei Belousov, who took part in the meeting, objected. The interlocutors admit that they don’t like the mechanism of selection of projects.
The interlocutors of the newspaper noted that decisions about increasing the limit on the meeting was not accepted. According to them, the government are debating whether to encourage investment of public money claimed by the Ministry of economic development, or to resort to other, non-standard tools.
The newspaper reminds that according to the program of project financing in 2015, selected 42 projects worth 347,3 billion rubles, which is required 235,5 billion in loans. Projects get loans from selected banks at 11.5% and receive refinancing in the Central Bank at 9%. On March 4, 2016, the Central Bank refinanced loans under the program only 69.2 billion rubles, the newspaper notes with reference to the representative of the Ministry of economic development.
In the night meeting on the night of Friday was attended by Prime Minister Dmitry Medvedev, first Deputy Prime Minister Igor Shuvalov, presidential aide Andrei Belousov, Finance Minister Anton Siluanov, economic development Minister Alexei Ulyukayev, Chairman of the accounts chamber Tatyana Golikova and the head of the Central Bank Elvira Nabiullina.
The President’s press Secretary Dmitry Peskov explained that these night of the meeting Vladimir Putin held often and they are associated with the overloaded schedule of the President.