I do not remember when I said this [oil production would collapse ], maybe in the heat of the moment, but I do not think I even said it, but I may just not remember it. I was saying that at a certain level of oil prices new deposits will not be explored. That is what is actually happening. However, surprisingly, our oil and gas workers [mainly oilmen] continue to invest.

I firmly believe that the reputation of any country which is capable of defending the life and dignity of its citizens, and can conduct independent foreign policy will only improve in mid- and long-term perspective.

Our economy has become completely different, on the whole. The size has changed. The economy has almost doubled in size. And the quality is changing, not as fast as we would like it to, but the structure is changing. Our Armed Forces are completely different today from what they were, say 15 years ago or so. All of this, including our great history, great culture, all of this, not just what we see today, is what makes the vast majority of Russia's citizens feel proud for their country.

We can tell the general public that the gold and foreign currency reserves of the Central Bank are not designed to finance the economy, but rather to ensure foreign trade turnover. Therefore, we need this level to be able to provide the necessary foreign trade turnover for such an economy as Russia's for a period of at least three months.

We have seen very clearly over these past years that there are quite a few people who are sceptical, or let us put it another way, are cautious about the development of Russian-American relations, but the underlying fundamental interests of the United States and Russia demand that our relations be normalised.

If European countries want to cater to U.S. foreign policy interests, I don't think that they stand to gain anything.

Russia does not want confrontation of any kind. And we will not take part in any kind of 'holy alliance.'