Russia is trying to shield its economy from turbulence in global energy markets, but cutting the country’s reliance on oil cannot happen at once, Russian President Vladimir Putin believes.
“We are gradually weaning off [oil], by the way. We are really moving away from it, because the share of non-oil and non-gas revenues is growing. But this requires time, and it cannot be done at the drop of a hat,” Putin said in an interview to TASS news agency, released on Wednesday.
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