Russia’s economic recovery driven by domestic demand: 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.

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