Russia Prepared for Second Global Crisis: Putin


Moscow, Sep 7 (IANS/RIA Novosti): Russia is better prepared for a second global financial crisis, President Vladimir Putin has said.

"I believe we are even better prepared because we've already experienced the first wave of the crisis, and we have an understanding of what's to be done about it and how we should do it," Putin said in an interview with RT TV.

"And we have the instruments for crisis management."

Putin added that the parliament had agreed to assign 200 billion rubles to the government fund, which could help cover the budget deficit.

"But so far, we don't have a deficit -- next year's budget registers a surplus, slight as it may be," Putin said.

"Our unemployment rates are the lowest possible. We maintain an unemployment rate of 5.1 percent, which is even below pre-crisis indices."

He added that Russia will closely follow the economic situation in neighbouring countries.

"Our interest is in seeing the euro zone survive and our main partner-economies get back on track," he said.

"We need Europe's leading economies such as Germany, France and Britain to be in good shape."

  

Top Stories


Leave a Comment

Title: Russia Prepared for Second Global Crisis: Putin



You have 2000 characters left.

Disclaimer:

Please write your correct name and email address. Kindly do not post any personal, abusive, defamatory, infringing, obscene, indecent, discriminatory or unlawful or similar comments. Daijiworld.com will not be responsible for any defamatory message posted under this article.

Please note that sending false messages to insult, defame, intimidate, mislead or deceive people or to intentionally cause public disorder is punishable under law. It is obligatory on Daijiworld to provide the IP address and other details of senders of such comments, to the authority concerned upon request.

Hence, sending offensive comments using daijiworld will be purely at your own risk, and in no way will Daijiworld.com be held responsible.