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 Putin advised Russian government to prepare for lengthy sanctions and be "more efficient"

Russian President Vladimir Putin urged the government to get accustomed to the fact that the period of low raw material prices as well as external restrictions may linger on.

As reported by Censor.NET citing TASS, he said this today at a government meeting.

"The most important task of the government is to revive the stable growth of the Russian economy," Putin said, reminding he elaborated on this in the Address to the Federal Assembly.

According to him, "it's necessary to be prepared for the fact that the period of low prices on raw materials and our key exports, as well as our external limitations can be delayed."

Also, the Russian president urged the ministers to use all existing mechanisms to curb rising prices.

Read more: Yatseniuk elaborated on sanctions against Russia

"Today, an unreasonable, frankly speculative rise in the cost of products, goods, and services leads to reduction of people's living standards. We need to use all the available market tools to curb growing prices and expand the share of low-cost but high-quality domestic products," Putin said.

He also thanked the government for the work in the expiring 2015 and urged it to be "more efficient."

As previously reported, the U.S. imposed new economic sanctions against the Russian Federation.
 
 
 
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