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The President emphasised that the federal authorities faced three key objectives in land relations: to regulate property relations, to inventory lands, and to establish an effective system of management of land resources. According to the head of state, a more productive arrangement for Russia would be to give the regions maximum freedom in regulating their land relations under a federal framework law than concentrate these functions at the central level.

At the end of the meeting, Mr Putin gave instructions to the Government until May 1 to submit a revised draft of the Land Code to the State Duma, until June 1 to draft a framework law that regulates commerce in agricultural land, and in 2001–2002 to complete the inventory of state and municipal lands and land property delimitation.