NEWS FEED
Zoom
10:51 23 March
TOP 5

Russian economy is on way to recovery, Putin says


Moscow. Farid Akbarov – APA. Russian economy is on the way to recovery, President Vladimir Putin said in his live state-of-the-nation address, AP reported.

 

"I would like to stress that stabilization does not mean a tacit transition to stable growth. We may hang up for years near the zero level unless we resolve basic problems of the Russian economy and launch new growth factors in full scope. Otherwise we will have to continuously cut, save and postpone our development, while we cannot afford that," Putin said.

 

Touching on the West’s sanctions, Putin said these sanctions and the compensating actions have helped Russia’s agriculture develop.  

 

“But this situation is not ever-lasting. Manufacturers need a competitive atmosphere in the market. Therefore we should make the most of the current favorable situation,” added the president. 

Related news releases

VİDEO NEWS

PHOTO NEWS

  • Two detained in Baku on suspicion of hooligan acts against I...
  • Changeable cloudy and dry weather predicted in Baku
+2
EXCHANGE RATE
FOREX
/ 23 March, 2017

USD
1.7202
 
EUR
1.8529
 
RR
0.0298