Mr Borisov informed the President that economic growth rates in Yakutia are higher than the national average. Thus, in the last six years investment in the republic’s economy amounted to 1.1 trillion rubles [about $31 billion], while budget revenue increased 1.5-fold in the past four years. At the same time a lot remains to be done to develop the infrastructure and energy sector industry.
Mr Borisov, who was appointed head of the Republic in 2010 for five years, said he would like to hold early elections in September 2014 in order to secure a vote of confidence from the population.
Vladimir Putin accepted Mr Borisov’s request for early resignation and said he would sign an executive order to appoint him acting Head of the Republic until the September elections.