Russia: Moscow’s reserves fully cover nation’s internal, foreign debt for first time ever – Putin


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Russia’s foreign exchange reserves fully cover all of the debt owed by both the government and domestic businesses for the first time in the country’s history, President Vladimir Putin said during his annual address to the Federal Assembly, on Wednesday in Moscow.
Putin talked about the need to solve the systemic problems in Russia's economy in order to reach higher rates of economic growth, identifying four priority targets in labour productivity, business climate, infrastructural problems and utilisation of modern technology.
The president instructed the government to create a protected brand of “domestic environmentally clean green” products, saying that the demand for these products on the foreign market will be high, since "there is absolutely nothing clean left."
Putin’s speech was delivered to both houses of the Russian Parliament, members of the government, as well as other officials and public figures.
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