Vladimir Putin says Russia should use budget to support economy

MOSCOW: Russia ought to use its finances to help the economic system and liquidity in circumstances of contracting lending exercise though the central financial institution’s price cuts will make lending cheaper, President Vladimir Putin mentioned on Monday.
Putin, chatting with prime authorities officers by a video-link, mentioned Russia ought to pace up the method of utilizing nationwide currencies in overseas commerce beneath the brand new circumstances.
Russia’s economic system was hit by unprecedented western sanctions designed to punish Moscow for what it calls “a particular navy operation” in Ukraine that began on February 24.