Putin orders government and Central Bank to revive economic growth

Kremlin ruler Vladimir Putin has instructed the government and the Central Bank to ensure a recovery in economic growth.

Source: RIA Novosti, a Kremlin-aligned Russian news outlet

Details: RIA Novosti reported that this instruction follows a meeting of the Council for Strategic Development and National Projects.

Other instructions include:

• Continuing the "formalisation" of certain sectors of the economy
• Finalising national projects aimed at ensuring Russia's technological leadership.

Background: Analytical centres close to the Kremlin have begun to acknowledge that the Russian economy is heading towards a recession.

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