President Vladimir Putin dismissed Western sanctions as “utter foolishness” on Thursday and said they would not stop Russia developing into a stronger economic power.
Attempting to take the higher ground in a speech to foreign and Russian investors, Putin said he was relaxed about the measures imposed on his country over Ukraine even though they had broken the fundamental principles of the global economy.
Addressing financiers worried about the weakening economy, capital flight and a possible increase in state intervention, he saidRussia was well placed to weather the storm.
“We truly want a country that is strong, flourishing, free and open to the …read more
Source: The Jakarta Globe
