Putin sets task to keep social support of population

Russian President Vladimir Putin has set the task of fulfilling all plans to provide social support to the population in the difficult economic situation.

Russian President Vladimir Putin has set the task of fulfilling all plans to provide social support to the population in the difficult economic situation.

"We need to focus on helping people who are really in need, and I want to reiterate, keep all our planned indicators as regards social issues and problems," Putin said at an annual press conference on Thursday.

Putin said he is talking about the payment of pensions, wages, etc.

"No doubt, we will have to make adjustments to our plans and we will definitely have to reduce something if the situation develops unfavorably. However, I reiterate that, as specialists say, a surge, subsequent growth and a solution to the current situation are inevitable," Putin said.

Putin reiterated that the state has enough reserves to fulfil its social obligations.

"No doubt, we will fulfil all our social obligations using the reserves that we have, which, thank God, even increased this year," Putin said.

Putin said the total amount of reserves reaches 8.4 trillion rubles, which includes the Central Bank reserves ($ 419 billion). "The Central Bank has no intention of thoughtlessly 'burning' them, and it is right," he said.

Putin also said the reserves of the government (the National Welfare Fund and the government's reserve fund) have increased by some 2.4-2.5 trillion rubles this year.

"I am confident that we will calmly resolve the main social issues and diversify the economy using these reserves and the situation will inevitably normalize," the president said.

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