Russia Economy Largely Restored After Crisis – Putin


Russia has largely restored its economy after the global financial crisis, Prime Minister Vladimir Putin said.

“We have restored our economy to two-thirds of the pre-crisis level. The ruble exchange rate is stabilizing, and the gold and currency reserves are growing,” Putin said during the Crisis 2008 program on the Rossiya 1 TV channel.

“A bigger growth rate should be sought,” the premier said. “This should be done… while developing a so-called new, innovation-based economy.”

He praised the country’s leadership for avoiding big mistakes during the crisis.

Ria Novosti

RIA Novosti was Russia's leading news agency in terms of multimedia technologies, website audience reach and quoting by the Russian media.

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