24 May 2011 17:55

Russian economy to have recovered fully from crisis by 2012 - Putin

MOSCOW. May 24 (Interfax) - Russian Prime Minister Vladimir Putin has said that the Russian economy will have rebounded to its pre-crisis level by the end of this year or beginning of next.

"By the start of 2012, we should have completely compensated for the crisis drop. We've said that we will achieve this somewhere in the middle of 2012. There are grounds for supposing that economic volume will return to the pre-crisis level by the end of this year or beginning of 2012," Putin said a meeting devoted to next year's budget and that for the planned 2013-2014 period.

"We face the adoption of the first real post-crisis budget, in which there should be an emphasis on long-term development goals," the prime minister said.