Putin urges economic measures to cushion sanctions - Moscow News

Moscow, Oct 7 (IANS) Russian President Vladimir Putin has demanded economic measures in response to Western sanctions, which are expected to intensify.

by IANS | Updated Oct 07, 2022

Putin urges economic measures to cushion sanctions - Moscow News

"It is important to understand that the sanctions pressure on Russia will only increase," Putin said at a government meeting on Thursday via video link.

"In this regard, it is necessary to plan flexible, effective actions for both short and medium terms and consistently implement them," Xinhua news agency quoted the President as saying.

Putin asked the government and the central bank to ensure a sustainable recovery of macroeconomic indicators.

Export-oriented sectors remain under pressure, primarily those targeting European countries, and it takes time for Russian exporters to switch to other markets, he noted.

Meanwhile, Putin pointed out some positive trends, as industrial production had returned to the level of the previous year.

Worst-hit industries, such as the automotive industry and metallurgy, are gradually recovering and agriculture also shows good dynamics, he said.

Disclaimer: This story is auto-aggregated by a computer program and has not been created or edited by FreshersLIVE.Publisher : IANS-Media

Related Articles

  • Snow leopard released into the wild in Tibet
  • Imran accuses Gen Bajwa of playing 'double game' against his govt
  • Iran to disband morality police amid ongoing protests
  • Imran seeks power even if it undermines Pakistan's foundations: Shehbaz Sharif
  • Fears of deadly infection surge as China abandons zero-Covid policy
  • 6 coal miners killed in gas explosion in Pakistan
  • 554 killed in 463 road accidents in Bangladesh in Nov
  • S.Korean Prez ready to issue executive order for striking truckers in fuel and steel industries to return to work
  • Indo-Canadian part of team to hire nurses from Karnataka
  • Indonesia's Semeru volcano erupts, residents evacuated