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Putin puts on brave face, promises rapid recovery

One of his ministers says economy is going through a crisis and concedes that there was no coherent plan on how to tackle it if oil prices do not rebound

Mr Putin is seen on a screen during the news conference. Both the economy ministry and the central bank have warned of recession next year.


RUSSIAN President Putin on Thursday attempted to assuage fears of economic collapse and promised rapid recovery as he faced hundreds of journalists during the worst financial crisis of his rule.

Speaking at his annual press conference, the Russian leader said that the...

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