Russian President Meeting with big business leaders

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Dmitry Medvedev proposed that the business community take part in rebuilding villages damaged by the wildfires.

The President also said that money has already been earmarked for compensating people for lost property, rebuilding homes, and paying compensations to victims’ families, and the state authorities will pay these sums in full.

AFK Sistema’s Board of Directors Chairman Vladimir Yevtushenkov assured the President that the business community is already taking measures to help people hit by the fires. In particular, Mr Yevtushenkov said that his company has developed several dozen certificates giving people who lost their homes in the fires the right to receive free housing, and plans to spend between $10 million and $20 million on this work.

President of Interros Holding Company Vladimir Potanin said that his company has taken on responsibility for one of the districts in the Tver Region, where peat bogs are located.

Basic Element CEO Oleg Deripaska said that the RusAl company will help residents of a village in the Nizhny Novgorod Region, and will have 200 houses built by mid-November.

NOVATEK’s Management Board Chairman Leonid Mikhelson said that the company shareholders decided to donate money and build at their own expense 25 houses in the Nizhny Novgorod Region and 25 houses in Mordovia.

Following the meeting with the business people, Mr Medvedev instructed the Presidential Executive Office to work with the governors of the fire-hit regions to organise the provision of land for private garden plots to replace the private plots of those whose houses were destroyed.

Taking part in the meeting were Evraz Invest President Alexander Abramov, Surgutneftegaz CEO Vladimir Bogdanov, Basic Element CEO Oleg Deripaska, Chairman of the Board of Directors of AFK Sistema Vladimir Yevtushenkov, Chairman of the Management Board of NOVATEK Leonid Mikhelson, Severstal CEO and board member of the Russian Union of Industrialists and Entrepreneurs Alexei Mordashov, Interros Holding Company President Vladimir Potanin, and First Deputy Chief of Staff of the Presidential Executive Office Vladislav Surkov.