The Latest: Putin says Russian economy over recession


The Newest on the Russian president’s annual information convention (all occasions native):

1:10 p.m.

Russian President Vladimir Putin says that Russia’s financial system has overcome recession and is on monitor for dependable progress.

Putin, talking at his annual information convention, says the Russian financial system is about to develop by 1.6 % this yr. He emphasised that the nation has overcome destructive results of a mixed blow of a drop in oil costs and Western sanctions.

He pointed at a document grain harvest this yr and stated that Russia has turn into the world’s No. 1 grain exporter.

Putin famous that overseas funding this yr doubled and reached $23 billion.

The Russian chief stated that the nation additionally recorded the bottom inflation this yr because the Soviet collapse.

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12:25 p.m.



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