State will continue helping efficient companies, others should leave market
MOSCOW. Nov 12 (Interfax) - The state will continue helping efficient companies but other companies should undergo financial recovery procedures or leave the market, Russian President Dmitry Medvedev said in his address to the Federal Assembly on Thursday.
"In the crisis, we are providing direct financial support, direct help to Russian companies, which has exceeded 1 trillion rubles. In the future we will only be helping those who have clear plans regarding the increase of their efficiency and the implementation of high-tech projects. Inefficient enterprises should undergo financial recovery procedures or leave the market," Medvedev said.
Medvedev reiterated that "the protection [of inefficient companies] by setting high trade barriers cannot go on forever," pointing out that "production only develops where real competition is present."
"Russian consumers need to create access to inexpensive high-quality goods, and the task of Russian companies is to learn to make them," he said.