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Dmitry Medvedev held a meeting on economic issues
13 мая 2009 г.

The President said at the meeting that timely support measures had made it possible to stabilise the situation in the banking sector, top up banks’ cash resources, keep the country’s settlements system running, and keep people’s savings safe. But at the same time, high interest rates are making borrowing extremely difficult.

In this context, Mr Medvedev instructed the Government to speed up work on a law on using state funds to top up banks’ capitalisation.

The President said that efforts to introduce a system of state guarantees for the country’s most important enterprises have failed so far, and instructed the Government to complete as soon as possible work on drafting the necessary legal provisions.

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