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  Wednesday, October 23, 2019
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Russian President Dmitry Medvedev said in his state-of-the-nation address on Wednesday
Russian President Dmitry Medvedev said in his state-of-the-nation address on Wednesday that the global financial crisis would lead neither to nationalization, nor a stripping away of democratic freedoms.

He also said that Russians' political and economic rights would not be affected by military or diplomatic tensions.

"The dramatic fluctuations in the political and economic situation, the turbulent global economy, and even the escalation of military and political tensions will not be used as a pretext for dismantling democratic institutions or nationalizing industries and banks," Medvedev said. "Citizens' political freedoms and their private property will remain inviolable."

The global financial crisis is far from over, and the government and big business must take it into account in their planning, the president also said.

"The economic crisis, let us face it, is far from over," Medvedev said. "We should be extremely focused and careful about the effectiveness of our work and the wisdom of our plans and programs."

Medvedev also said this related both to the government and business, as well as to ordinary people.

He also called for ensuring that funds allocated as part of anti-crisis measures reach their targets without delays.

"I want the government, the Central Bank of Russia and all governmental bodies to know that any delays in implementing these measures are unacceptable. We must first of all pierce the financial clots in the economy so that all allocations reach their targets," he said.

"I am sure that we will cope with all the difficulties and create in the near future a modern and self-sufficient financial system capable of rebuffing any external challenges," Medvedev said.

"The lessons of the mistakes and crises of 2008 proved to all responsible nations that it is time to act and radically reform political and economic systems," Medvedev said, adding that Russia would cooperate on this issue with the U.S., the EU, BRIC (Brazil, Russia, India and China) colleagues - and with all interested countries.

"We will do everything possible to make the world more just and secure. I believe we will succeed because our country is strong both economically and politically," the president said.

Medvedev said Russia had sent its proposals on reforming the global economic system to the Group of 20, representing the world's largest economies, which is to meet in Washington on November 14-15.


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