Russian economy on the rebound, Putin says

Russian economy on the rebound, Putin says

Recovery trends in the Russian economy are becoming stronger but the revenue base of certain regions is still unstable, President Vladimir Putin said on Wednesday at a meeting with Cabinet members, TASS reports.

"Recovery trends in the Russian economy are just becoming stronger. We know this well. Meanwhile not all constituent entities see a steady increase in business activity, due to which the revenue base of regions is still unstable in many aspects," Putin said.

Authorities have been keeping a close eye on the topic of regional finance, the Russian leader said. The government was tasked to prepare a concept for the program of infrastructural development of regions and address the issue of its financing, the president added.

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