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Developing civilised competition and comprehensive modernisation of the transport sector are the keys to increasing trade flows, speeding up transport and cutting costs for producers.

Mr Putin pointed out the need to clearly identify the state’s place and role in developing modern transport services. The state should intervene less as an economic player and monopoly owner in the sector and concentrate more on learning to work with entrepreneurs and opening up new possibilities for their initiatives. Any state funding of the transport sector should be justified and effective.

The President noted that successful foreign policy support for Russian projects and companies on the global transport services market is also a priority task.