Russia’s economic recovery driven by domestic demand – Putin

Russia’s economic recovery is increasingly driven by domestic demand, President Vladimir Putin said on Thursday.

Speaking at an annual press conference, Putin said the economy has overcome two major shocks: a drop in oil prices and Western sanctions.

Economic growth is now supported by a recovery in industrial output and Russia’s thriving agriculture sector that is on track to produce a record harvest this year, Putin said.

(Reporting by Jack Stubbs, Vladimir Soldatkin and Denis Pinchuk; Writing by Andrey Ostroukh; Editing by Christian Lowe)

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