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Mikhail Mishustin's meeting with New People party deputies at the State Duma

RUSSIA, March 16 - The meeting took place as part of preparations for the Government's annual report to the State Duma.

Mikhail Mishustin’s opening remarks:

Mikhail Mishustin's meeting with New People party deputies at the State

Mr Nechayev, colleagues.

The meetings that we traditionally hold before the Government’s report to the State Duma are coming to an end. Today we have to focus on issues that New People is paying close attention to. First of all, these are issues related to Russian business, its undertakings, as well as the promotion of private initiatives in our country.

In his Address to the Federal Assembly, the President noted the importance of supporting entrepreneurs who invest in the development of their business, and therefore in the development of their country.

Given the complex conditions of external restrictions in which the business community operates, we are required to have maximum flexibility and operational tactics in making decisions. Here it is very important that there is feedback from the business community, from experts.

Mikhail Mishustin's meeting with New People party deputies at the State

I would especially like to emphasise the constructive position of your party’s deputies in approving the federal budget and developing initiatives to integrate the new regions into Russia. As well as the productive interaction that they have established with the Ministry of Economic Development on a wide range of issues, including the improvement of control and supervisory activities, the development of small and medium-sized businesses, and a whole range of issues related to investment policy.

Separately, I would like to note the New People party’s involvement in developing proposals for industrial mortgages. I mean providing soft loans to enterprises at a rate of up to 5% per annum for up to seven years to buy real estate, which is necessary to create new production capacities. Moreover, for technology companies, the rate is even lower – up to 3% per annum. This instruction was given by the President following the St Petersburg Economic Forum last year.

Mikhail Mishustin's meeting with New People party deputies at the State. Head of the New People parliamentary group Alexei Nechayev

This programme enables our entrepreneurs to quickly launch their own production in Russia, even with a fairly modest budget.

We are working on expanding this programme. We hope that your deputies will monitor how it is being implemented in the regions and help with feedback from businesses that will work there one way or another.