Putin says bottom of crisis was passed in 2015

Russia passed the bottom of the economic crisis in 2015, Russian President Vladimir Putin said on Friday at the meeting of leaders of ASEAN member countries with representatives of Russia-ASEAN Business Forum.

Russia passed the bottom of the economic crisis in 2015, Russian President Vladimir Putin said on Friday at the meeting of leaders of ASEAN (Association of Southeast Asian Nations) member countries with representatives of Russia-ASEAN Business Forum.

"The actions of the Russian Central Bank on introducing a floating exchange way for ruble have allowed the economy to adapt and preserve the high level of foreign-currency and gold reserves in the economy. As of May 1, it stood at $391.5 billion. As a result, and experts confirm this, the bottom of the crisis was passed in 2015," Putin said.

First published by TASS.

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