Foreign Investors Praise Putin
The Moscow Times
22 Ottobre 2008
By Anna Smolchenko / Staff WriterPrime Minister Vladimir Putin told foreign investors Monday that Russia hadn't been caught off guard by the crisis, unlike the West, and the investors praised the government, saying they had faith in the local market.
Speaking at an annual meeting of the Foreign Investment Advisory Council, Putin reiterated that the government was well prepared to deal with the effects of the global liquidity crunch and promised to take further steps to strengthen banks and companies.
"On the whole, our economy is well enough prepared for long-lasting external shocks," Putin said.
"The Russian government is seeking answers to these global challenges and finding them," he said.
Putin said he had ordered an additional 200 billion rubles ($7.6 billion) to be provided to the Deposit Insurance Agency to secure the stable operation of banks. The government has drafted a bill to enable the agency …
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