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Putin says Russia should use budget to support economy

Putin says Russia must use budget to support economy

MOSCOW: Russia needs to use its spending plan to support the economy and liquidity in conditions of contracting loaning activity despite the fact that the reserve bank’s rate cuts will make financing more affordable, President Vladimir Putin said on Monday.
Putin, speaking to leading government authorities by a video-link, stated Russia ought to speed up the procedure of utilizing national currencies in foreign trade under the brand-new conditions.
Russia’s economy was hit by unmatched western sanctions developed to penalize Moscow for what it calls “an unique military operation” in Ukraine that began on February 24.

Published at Mon, 18 Apr 2022 13:00:57 +0000

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