Our Awful Situation
Vladimir Putin pledges to transform economy of Russia into a world leader
Putin is still large and in charge:
Vladimir Putin, Russia’s new Prime Minister, has promised to transform his country into a leading economic power and he predicted that its economy would be larger than that of the UK by the end of this year.
In a fervent speech to the Russian Parliament, Mr Putin, who handed over the country’s presidency the previous day to Dmitry Medvedev, said that he would cut oil taxes to stimulate growth and predicted that Russia would overtake Britain to become the sixth-largest economy this year.
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