You are here: Home » PTI Stories » National » News
Business Standard

Russian economy is on way to recovery, Putin says

AP  |  Moscow 

Russian President says that the country's economy is on the way to recovery.

Speaking in his live state-of-the-nation address, Putin pointed at a growth in some sectors of industry and agriculture and pledged that positive trends will continue next year. He said agricultural this year will top $16 billion, exceeding weapons exports.



The Russian economy contracted 3.7 percent in 2015 and the recession has continued this year under the combined blow of low prices and Western sanctions.

Putin said the should encourage growth by offering support to farmers and create incentives for small business.

He noted that inflation, which stood at nearly 13 per cent last year, is expected to slow down to 6 per cent this year.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

RECOMMENDED FOR YOU

Russian economy is on way to recovery, Putin says

Russian President Vladimir Putin says that the country's economy is on the way to recovery. Speaking in his live state-of-the-nation address, Putin pointed at a growth in some sectors of industry and agriculture and pledged that positive trends will continue next year. He said agricultural exports this year will top $16 billion, exceeding weapons exports. The Russian economy contracted 3.7 percent in 2015 and the recession has continued this year under the combined blow of low oil prices and Western sanctions. Putin said the government should encourage growth by offering support to farmers and create incentives for small business. He noted that inflation, which stood at nearly 13 per cent last year, is expected to slow down to 6 per cent this year. Russian President says that the country's economy is on the way to recovery.

Speaking in his live state-of-the-nation address, Putin pointed at a growth in some sectors of industry and agriculture and pledged that positive trends will continue next year. He said agricultural this year will top $16 billion, exceeding weapons exports.

The Russian economy contracted 3.7 percent in 2015 and the recession has continued this year under the combined blow of low prices and Western sanctions.

Putin said the should encourage growth by offering support to farmers and create incentives for small business.

He noted that inflation, which stood at nearly 13 per cent last year, is expected to slow down to 6 per cent this year.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Russian economy is on way to recovery, Putin says

Russian President says that the country's economy is on the way to recovery.

Speaking in his live state-of-the-nation address, Putin pointed at a growth in some sectors of industry and agriculture and pledged that positive trends will continue next year. He said agricultural this year will top $16 billion, exceeding weapons exports.

The Russian economy contracted 3.7 percent in 2015 and the recession has continued this year under the combined blow of low prices and Western sanctions.

Putin said the should encourage growth by offering support to farmers and create incentives for small business.

He noted that inflation, which stood at nearly 13 per cent last year, is expected to slow down to 6 per cent this year.

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

image
Business Standard
177 22

Upgrade To Premium Services

Welcome User

Business Standard is happy to inform you of the launch of "Business Standard Premium Services"

As a premium subscriber you get an across device unfettered access to a range of services which include:

  • Access Exclusive content - articles, features & opinion pieces
  • Weekly Industry/Genre specific newsletters - Choose multiple industries/genres
  • Access to 17 plus years of content archives
  • Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box
  • End of day news alerts on 5 companies (via email)
  • NEW: Get seamless access to WSJ.com at a great price. No additional sign-up required.
 

Premium Services

In Partnership with

 

Dear Guest,

 

Welcome to the premium services of Business Standard brought to you courtesy FIS.
Kindly visit the Manage my subscription page to discover the benefits of this programme.

Enjoy Reading!
Team Business Standard