Russia’s economic recovery driven by domestic demand: Putin

Friday, 15 December 2017 10:04 - - {{hitsCtrl.values.hits}}

Vladimir Putin

Moscow (Reuters): 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.