MOSCOW, October 21 (RIA Novosti) - Russian President Dmitry Medvedev will host a meeting with Russian business leaders on Wednesday, to discuss a strategy to pull the economy out of the ongoing crisis, the business website BFM.ru reported.

Medvedev agreed on the meeting with tycoon Mikhail Fridman last week.

As part of preparations for his state of the nation address to both houses of parliament, Medvedev intends to hear proposals from entrepreneurs on modernizing the economy and mapping out the country's post-crisis development, the website said.

Alexander Murychev, first executive vice-president of the Russian Union of Industrialists and Entrepreneurs, said in an interview with Business FM radio that affordable loans and domestic demand were the two main factors that could help the Russian economy overcome the recession.

"Business, of course, is concerned over the affordability of credit resources, as well as the problem of bad debt. But the most serious problem is the creation of demand inside the Russian economy. If we fail to create it, it will take us a long time to get out of the crisis," he said.