Medvedev urges govt to target significant increase in non-energy exports

Prime Minister Dmitry Medvedev believes the government should set the goal of increasing exports of non-energy goods by 60-70 percent over five years.

"Improving the export potential by increasing the stake of high-tech and science-intensive products is a strategic course of the state," Medvedev said at a meeting on support for high-tech exports.

"The government's goal, in accordance with the main directions, is to ensure growth in non-energy exports over five years by 60-70 percent," he said.

So far, Russia has not had "dramatic success" in creating favorable conditions for exports, he said.

"That applies to access to long-term, inexpensive loans. It's insurance support, state guarantees on export loans. On that plane, I reiterate, we are substantially lagging other countries," he said.

It also has to do with the scope of the decisions that are made and the quality of services that are offered in Russia today.

"Our goal is to ensure by 2018 state financial support for no less than 13-15 percent of Russian non-energy goods export," Medvedev said, noting that the corresponding percentage in 2011 was 0.5 percent.

In addition, he said, the funds need to be spent as intended, on projects that have been worked out in detail.

All rights reserved by Rossiyskaya Gazeta.