Russian Federation

President Putin: Russian economy on the rebound

Vestnik Kavkaza – Recovery trends in the Russian economy are becoming stronger but the revenue base of certain regions is still unstable, President Vladimir Putin said on Wednesday at a meeting with Cabinet members, TASS reports.

“Recovery trends in the Russian economy are just becoming stronger. We know this well. Meanwhile not all constituent entities see a steady increase in business activity, due to which the revenue base of regions is still unstable in many aspects,” Putin said.

Authorities have been keeping a close eye on the topic of regional finance, the Russian leader said. The government was tasked to prepare a concept for the program of infrastructural development of regions and address the issue of its financing, the president added.

Source
Vestnik Kavkaza
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