President Vladimir Putin presented his economic vision for Russia at an
economic forum in St. Petersburg by pledging to boost domestic industry,
help capitalize banks and reduce the nation's reliance on energy
exports.
Russian President Vladimir Putin struck a defiant tone against western countries on Friday at an investment forum in St. Petersburg where he outlined his plans to boost the nation's slumping economic growth.
In a keynote speech to business leaders from around the world, Putin said economic sanctions against his country were "an instrument of political pressure" that would ultimately hurt the economies of those imposing them.
"Maybe our American friends - they are sophisticated guys - want to get a competitive advantage in their trade and economic relations over Europe," he said, thanking European businesses for taking a more "pragmatic" approach over the sanctions.
Read more: Putin presents vision for a stronger Russia | Business | DW.DE | 23.05.2014
Russian President Vladimir Putin struck a defiant tone against western countries on Friday at an investment forum in St. Petersburg where he outlined his plans to boost the nation's slumping economic growth.
In a keynote speech to business leaders from around the world, Putin said economic sanctions against his country were "an instrument of political pressure" that would ultimately hurt the economies of those imposing them.
"Maybe our American friends - they are sophisticated guys - want to get a competitive advantage in their trade and economic relations over Europe," he said, thanking European businesses for taking a more "pragmatic" approach over the sanctions.
Read more: Putin presents vision for a stronger Russia | Business | DW.DE | 23.05.2014
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