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Putin proposed moving the headquarters of some major companies out of Moscow

Russian President Vladimir Putin said today that the idea of ​​moving the headquarters of major companies to areas outside Moscow deserves attention and called for better vocational training to help ease labor shortages. Setting out a series of ambitions for Russia’s $2 trillion economy, Putin said the world’s second-largest oil exporter must cut imports, significantly boost the use of non-Western currencies in trade and called for a major expansion of domestic financial markets. Putin, speaking at the World Economic Forum in St Petersburg, said that trade with Asia is growing and that about 40% of Russian foreign trade is now carried out in rubles as the share in US dollars, euros and other Western currencies is declining. Putin said Russia would seek to increase the share of settlements carried out in currencies of countries belonging to the BRICS group, which includes […]
Source: News Beast

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