MOSCOW, March 26. /TASS/. Russia needs to stay united amid challenging times, President Vladimir Putin said at a plenary session of the Russian Union of Industrialists and Entrepreneurs congress.

Despite difficulties and constraints, Russia is managing to maintain macroeconomic stability, he noted, assuring that all budgetary commitments to citizens will be fulfilled.

TASS has compiled the key statements made by the president.

It’s imperative that Russia’s unity not be broken: "To respond to the challenges of our time, Russia must be strong, and we must be united in understanding our national interests, in addressing current tasks, and in achieving our strategic development goals."

The situation in the world has highlighted the consequences of renouncing sovereignty: "No one should have any doubts today about what sovereignty means, its value, and what happens to countries that once chose to abandon it, hoping for easier conditions and smoother development."