Russia remains committed to integrating itself into the global economy instead of cutting economic relations with the rest of the world, Russian Prime Minister Vladimir Putin said Friday.
"We are banking on private initiative, entrepreneurial freedom, openness and rational integration with the world economy," Putin said at an international economic forum in the Black Sea resort of Sochi.
The attempts to throw Russia back to the Cold War times are "a direct threat to our modernization project," Putin said.
"A standoff is not our choice. Nor will there be any politically motivated 'market closure' or a breakup of economic relations by Russia," he was quoted by the Interfax news agency assaying.
Putin said the country is interested in attracting more foreign investment, including in strategic sectors of the economy.
"Of course we expect mutuality - the readiness of foreign partners to accept investment from Russia," he added.
The premier also defended the health of Russia's economy amid the recent financial turmoil, saying all fundamental indicators of the economy remain normal.
"Russia's economy and financial system have reached a very different level, and there is a qualitatively higher level of stability for both the state and the domestic businesses," Putin said.
The country has enough foreign exchange and gold reserves to protect its financial system, as well as the experience in quick response to financial turmoil, he said.
Russian stocks rallied on Friday after a two-day suspension of trading as the government decided to inject 130 billion U.S. dollars into the market to help restore confidence.
Source: Xinhua
|
Comment
Tell A Friend
Print Format
Save Article