Putin urges economic measures to cushion sanctions

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Putin urges economic measures to cushion sanctions

STORY: Putin urges economic measures to cushion sanctions DATELINE: Oct. 7, 2022 LENGTH: 00:01:06 LOCATION: Moscow CATEGORY: ECONOMY SHOTLIST: 1. various of Putin speaking at a government meeting on economic issues via video link STORYLINE: Russian President Vladimir Putin on Thursday demanded economic measures in response to Western sanctions, which are expected to intensify. At a government meeting on economic issues via video link, Putin said it is necessary to plan flexible, effective actions for both short and medium terms and consistently implement them. He asked the government and the central bank to ensure a sustainable recovery of macroeconomic indicators. He noted that export-oriented sectors remain under pressure, primarily those targeting European countries, and it takes time for Russian exporters to switch to other markets. Meanwhile, Putin pointed out some positive trends, as industrial production had returned to the level of the previous year. Xinhua News Agency correspondents reporting

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