Vladimir Putin says Russia ought to use funds to assist economic system

MOSCOW: Russia ought to use its funds to assist the economic system and liquidity in situations of contracting lending exercise though the central financial institution’s price cuts will make lending cheaper, President Vladimir Putin mentioned on Monday.
Putin, chatting with prime authorities officers by a video-link, mentioned Russia ought to velocity up the method of utilizing nationwide currencies in overseas commerce beneath the brand new situations.
Russia’s economic system was hit by unprecedented western sanctions designed to punish Moscow for what it calls “a particular army operation” in Ukraine that began on February 24.

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