The government will not stimulate Russia's faltering economy by increasing spending, but will support major companies and infrastructure development through injections of state capital, top officials said at an investment forum on Thursday.
Speaking at the event, President Vladimir Putin branded Western sanctions on Moscow over Ukraine "stupid," and said they would neither force Russia out of the global economy nor weaken its economic clout. He ruled out the return of capital controls.
INC News, 02/10/2014
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