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Russia Must Not Let Economy Slip Into Recession, Says Vladimir Putin

Summary by The Economic Times
President Vladimir Putin has instructed Russian officials to prevent the economy from falling into recession, emphasizing the need for balanced growth with moderate inflation and low unemployment. Economy Minister Maxim Reshetnikov warned of the economy's vulnerability, urging deeper rate cuts from the central bank led by Elvira Nabiullina to avoid stagnation.

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Russian President Vladimir Putin is responding to warnings that the country's economy is heading for recession - urging those responsible not to let this happen "under any circumstances". At the same time, he says he does not rule out Russia taking control of the Ukrainian city of Sumy.

·Stockholm, Sweden
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Russian President Vladimir Putin urged his government to do everything in their power to prevent an economic crisis in the country. This should not happen under any circumstances, but officials in Putin's government have warned of a cooling economy.

·Reykjavík, Iceland
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Russia ranks first in Europe and fourth in the world in terms of the size of its economy, Russian President Vladimir Putin stated at the plenary session of the St. Petersburg International Economic Forum.

The Russian economy cannot, under any circumstances, enter into recession, said Russian President Vladimir Putin, in an economic forum this Saturday (20), in a clear instruction to government ministers and central bank authorities gathered. The Russian Bank has increased its interest rate to the highest level since the beginning of the 2000s in October, but reduced it to a percentage point by 20% this month.

·Brazil
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When you listen to Vladimir Putin in St. Petersburg, you get the impression that Russia's economy is not that bad. But there is also criticism - also from Putin's cabinet.

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The Economic Times broke the news in on Friday, June 20, 2025.
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