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