“First of all, we need to reduce the debt burden of the constituent entities of the Russian Federation.

“I consider it necessary to write off two-thirds of the regions’ debts on budget loans,” he said.

According to him, according to available estimates, this will allow them to save about 200 billion rubles annually from 2025 to 2028.

“These saved funds are, as they say, “coloured” and targeted by the regions to support investments and infrastructure projects,” he added.

Earlier, Putin said that the capitalization of the Russian stock market should double by 2030.

He also noted that the Russian economy is becoming more complex, technologically advanced and non-resource-based.

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