Putin: the money from the NWF need to be directed to projects developing the economy

Putin: the money from the NWF need to be directed to projects developing the economy


Funds from the NWF should be directed to such projects, which will lead to the creation of conditions for the development of the economy, Putin said during the annual press conference.

MOSCOW, 17 Dec. Funds from the national welfare Fund of Russia (national welfare Fund) should be directed to projects that create conditions for the development of the economy of the country, said the President of the Russian Federation Vladimir Putin.

“As for NWF: Yes, they should improve the quality of administration and efficiency, reduce inefficient costs, as NWF — we and I personally are very attentive to the possible costs from the NWF. To date what there are: the money must be directed to such projects, which will not lead to just spending money, and will lead to the creation of conditions for development of the entire economy,” said Putin during the annual press conference on Thursday.

Critical questions, key statements, photos from the event and video — online-a report from the press conference of Vladimir Putin on ria.ru >>