Moscow, June 7 (SocialNews.XYZ) Russian President Vladimir Putin has said that the 2020s would be a time for his country to strengthen its economic sovereignty.
Russia will speed up the development of infrastructure and key technology and establish an independent and efficient financial system, Putin said in a message to the upcoming 25th St. Petersburg International Economic Forum (SPIEF), Xinhua news agency reported.
"The Russian economy will increasingly rely on private initiatives and, of course, will remain committed to transparency and broad international cooperation," he added.
Meanwhile, Putin criticised the "illegitimate" sanctions and economic policy "mistakes" of Western countries, which have led to "a wave of global inflation, the disruption of usual supply chains and a sharp increase in poverty and food shortages".
The 25th SPIEF will be held in St. Petersburg from June 15 to 18.
Source: IANS
About Gopi
Gopi Adusumilli is a Programmer. He is the editor of SocialNews.XYZ and President of AGK Fire Inc.
He enjoys designing websites, developing mobile applications and publishing news articles on current events from various authenticated news sources.
When it comes to writing he likes to write about current world politics and Indian Movies. His future plans include developing SocialNews.XYZ into a News website that has no bias or judgment towards any.
He can be reached at gopi@socialnews.xyz