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.
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