Governmentwarns ofairline’scollapse
VLADIMIR PUTIN has taken the oath of office for his fourth term as Russian president and promised to pursue an economic agenda that would boost living standards across the country.
In a ceremony in an ornate Kremlin hall, Mr Putin said improving Russia’s economy following a recession partly linked to international sanctions would be a primary goal of his next six-year term.
“We must use all existing possibilities, first of all for resolving internal urgent tasks of development, for economic and technological breakthroughs, for raising competitiveness in those spheres that determine the future,” he said in his speech to thousands of guests standing in the elaborate Andreevsky Hall of the Grand Kremlin Palace and two adjacent halls.
“A new quality of life, well-being, security and people’s health – that’s what’s primary today,” he said.
Although Mr Putin has restored Russia’s prominence on the world stage through military action, he has been criticised for inadequate efforts to diversify Russia’s economy away from its dependence on oil and gas exports and to develop the manufacturing sector.
The 65-year-old held on to the presidency in March’s election when he won 77 per cent of the vote.
Mr Putin has lead Russia for all of the 21st century. He stepped down from the presidency in 2008 because of term limits, but continued to lead as prime minister until he was able to return as president in 2012.
“Russia should be modern and dynamic, it should be ready to accept the call of the times,” he said.
He made only brief reference to Russia’s international role, saying: “Russia is a strong, active, influential participant in international life.
“The security and defence capability of the country is reliably ensured.”
He acknowledged the challenges facing Russia were formidable, “but we all remember well that, for more than a thousand years of history, Russia has often faced epochs of turmoil and trials, and has always revived as a phoenix, reached heights that others could not”.
The ceremony was covered in detail on state television. Soon after the ceremony, Mr Putin issued an order formally dissolving the cabinet but nominated Dmitry Medvedev to serve again as prime minister.
Air France’s share price has fallen after its chief executive quit and the French government warned that the country’s flagship carrier might collapse.
It came as a new strike on Monday over wage demands prompted the cancellation of about 15 per cent of Air France flights worldwide. The number of striking workers is slightly declining as the airline enters its 14th day of walkouts this year, but the labour action has already cost the company more than €300 million.