Putin says in worst case scenario Russia needs 2 years to get out of crisis (UPDATE)
Baku, Azerbaijan, Dec.18
In the worst case scenario, Russia will need two years to get out of the crisis, Russian President Vladimir Putin said at his 10th annual large press conference on Dec.18.
He said the current situation in Russia's economy was primarily triggered by external factors, RIA Novosti reported.
Russian president also expressed hope that the trend of decrease in the exchange rate of foreign currencies and strengthening of Russian ruble will continue, adding that if the situation in the country's economy gets worse, there will be need to adjust the plans.
Moreover, Putin said the total volume of Russian reserve (8.4 trillion RUB) will allow to fulfill all social obligations.
He added that in the process of resolving the crisis, the activities of the country's Central Bank and government should be collective and meaningful, without interfering in each other's competence.
At the same time, it is necessary to control the growth of prices for gasoline and food products and to meet with producers on a daily basis, Putin said.
During the press conference, Putin also touched upon the issues related to the foreign relations.
"Our partners have decided that they are an empire and all the rest are vassals who should be oppressed," he said.
Translated by LZ
Edited by SI