According to First Deputy PM Dmitry Medvedev, on the photo, Russia will stake on the government’s support for creating big state corporations and their expansion on foreign markets.
Photo: Dmitry Dukhanin
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The Corporate State of Dmitry Medvedev
Russia’s 1st Deputy PM Dmitry Medvedev first came forward yesterday in capacity of the most possible successor of President Vladimir Putin. Medvedev made a keynote speech on the first day of St. Petersburg Forum, covering the whole range of foreign and domestic political problems of Russia’s economy. Even though Medvedev’s speech looked like certain continuation of Putin’s ideas spelled out in his address to the Federal Assembly, it was evidently the more explicit declaration of state capitalism in Russia.
Medvedev, who had delivered practically no speeches of such significance thus far, stepped in yesterday with ideological guidelines of a politician.
Medvedev apperently sees Russia as some corporation and his speech looked as if it were a business plan, comprising the market survey, development strategy and definite actions. The only missing point was the future sale of business.
Russia will stake on the government’s support for creating big state corporations and their expansion on foreign markets, but the state capital won’t affect domestic situation and foreign producers will have fair competition in Russia, Medvedev said.
Today’s highlight is the raw material corporations, but the emphasis will be shifted from producing mineral resources to developing transport corridors in future, so that Russia could become a global logistics center.
As to the global financial situation, Medvedev said the BRIC (Brazil, Russia, India and China) will play the key role in future. “Along with the increase in demand for rubles worldwide, our currency should become one of the currencies of the world reserve,” Medvedev said. For this purpose, it is required to make ruble completely convertible and to launch the exchange trading in oil with ruble settlement.
Another concern is improving competitiveness of Russia’s product in the world. “In tough competition on the world market, our goods often lose not because of the low quality or high prices, but rather due to the absence of efficient system of state supporting.” “We should be targeted at creating big corporations and on supporting their foreign economic advance,” Medvedev said.
www.kommersant.com
All the Article in Russian as of June 14, 2006
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