Vladimir Putin says Russia should use budget to support economy – Times of India


MOSCOW: Russia should use its budget to support the economy and liquidity under conditions to tighten lending, even as the central bank’s rate cuts will make loans cheaper, President Vladimir Putin said Monday.
Putin, in a video link with top government officials, said Russia should accelerate the process of using national currencies in foreign trade under the new terms.
The Russian economy was hit by unprecedented Western sanctions designed to punish Moscow for what it calls “a special military operation” in Ukraine that began on February 24.

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