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Putin says Russian economy stabilised, pledges budget deficit cuts
September 4, 2016 / 10:00 AM / in a year

Putin says Russian economy stabilised, pledges budget deficit cuts

HANGZHOU, China, Sept 4 (Reuters) - Russian President Vladimir Putin, in a speech at the G20 summit in eastern China, said that Russia’s economy has stabilised, pledging the reduction of the budget deficit and dependency on oil and gas exports.

“Our economy has stabilised... We plan to reduce the budget deficit further, and to continue to work on cutting the budget’s revenues dependency on the exports of hydrocarbons,” Putin said.

Reporting by Vladimir Soldatkin; Editing by Kim COghill

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