Putin Says Russia Needs Steps to Protect Economy, Financial System | Business | RIA Novosti

Putin Says Russia Needs Steps to Protect Economy, Financial System | Business | RIA Novosti:



"Russian President Vladimir Putin said on Tuesday the country needs to think of additional steps to protect its national economy and financial system, including protection from external factors such as political risks.



“I believe that we need to think of additional steps to decrease the dependency of the national economy and its financial system from unfavorable external factors. I have in mind not just the instability on the global markets, but also possible political risks,” Putin said during a Security Council meeting.



Last week, the US Treasury introduced a so-called Sectoral Sanctions Identification List that targeted the defense, energy and banking sectors of the Russian economy. The West sees sanctions as an adequate response to Moscow’s alleged involvement in the Ukrainian crisis."



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