Putin compares Russian and Western debt ...News

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Putin compares Russian and Western debt
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The country has a healthy level of state debt and inflation, according to the president Russia is in better economic shape than many large Western nations in terms of inflation and the level of sovereign debt, President Vladimir Putin said on Thursday. During a working meeting with Economy Minister Maksim Reshetnikov, Putin noted that Russia’s state debt is only a fraction of its gross domestic product. “It’s 121.7% [of GDP] in the US, the eurozone’s debt amounts to 90.9%, Germany’s and France’s total 66.5% and 111.1% respectively, Russia’s 14.9% is a well-performing indicator,” the leader stated. Putin also drew

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