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Saturday, 05.07.2025, 19:10
Putin calls situation in Russian economy "complicated but not critical"

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"You and I know perfectly well the situation in our economy is fairly complicated but not critical," he said at a conference on the draft budget for 2016. "We need the economic levers to fully enact Russia's own economic capabilities," Putin said. "We have absolutely everything for this."
"It is important to lay down new research groundworks and professional competences, to assimilate up-to-date systems of professional standards, and to improve the quality of human resources, particularly in the engineering sphere," he said. "Appropriate funds should be allocated from the federal budget."
Putin asked the government to prepare a package of measures in order to overcome recession in the economy.
"It is particularly important in current conditions to provide a package of measures in order to overcome recession in the economy and to maintain the role of the federal budget as one of the leading development tools," he said.