They [leaders in Western Europe] do not misuse financial instruments, financial injections, but, first of all, seek structural change. This is urgent for our economy as well, maybe even more urgent bearing in mind the problem that we cannot yet deal with, namely the prevalence of the oil and gas sector in the Russian Federation and, as a result, dependence on revenue from oil and gas.

As regards humanitarian issues and how to handle them, that was the Prime Minister's [Shinzō Abe] initiative. He brought the matter up at our last meeting in Lima and asked me straightforwardly whether we would agree to let Japanese citizens travel on a visa-free basis, resolve the issue in such a way as to enable them to visit the South Kurils, visit their native areas. I said at once that it was quite possible.

Looking at the map of the Russian Federation, one can see a country covering mostly northern areas; today more than 70 percent of our territory is or can be referred to as northern, if not the Far North. We have a rather small warm Black sea strip in the South and - to tell the truth - quite a few regions with a hospitable warm climate.

There used to be the Soviet Union and the Warsaw Pact. There used to be Soviet troops in the GDR. And we must honestly admit that they were occupation troops, which remained in Germany after WWII under the guise of allied troops. Now these occupation troops are gone, the Soviet Union has collapsed, and the Warsaw Pact is no more. There is no Soviet threat, but NATO and U.S. troops are still in Europe. What for?

Our microeconomic indicators are stable and it gives me reason to believe that we will calmly and steadily pass this uneasy period in our economy, which has already no doubt adapted to the current situation.

Concerning our possibilities on the international financial markets, the sanctions are severely harming Russia. But the biggest harm is currently caused by the decline of the prices for energy. We suffer dangerous revenue losses in our export of oil and gas, which we can partly compensate for elsewhere. But the whole thing also has a positive side: if you earn so many petrodollars - as we once did - that you can buy anything abroad, this slows down developments in your own country.

I believe the U.S. already understands and will understand more and more that only a strong Russia will respond to the genuine interests of the United States.