Putin: Russian economy's recovery is sustainable

Russia's economy has overcome stagnation and its recovery is sustainable, the country's President Vladimir Putin said at the investment forum.

"Such a representation level [of foreign investors at the forum] once again underlines high interest in modern Russia and its potential and shows mutual aspiration for dialog and cooperation, which is a key condition for establishment and development of business ties and search for promising areas for capital investments. Russia particularly unveils such opportunities for cooperation now, when our economy has overcome stagnation and its recovery is sustainable," the President noted.

Putin also stressed that cautious activities of the Bank of Russia are understood and supported.

"Almost all central banks, all regulators in all countries of the globe, which are targeting inflation, exercise such caution that appears excessive at first sight. I believe it is justified to a considerable extent because there is still a lot of risks and too many threats for the economy with such structure as the national economy has," TASS cited the Russian leader as saying.

"Therefore, I understand pretty well and generally approve operations of the Bank of Russia, which is acting so cautiously," Putin said, adding that stability of prices is playing an important role "from the standpoint of interest rates in general for the macroeconomic stability.