Putin Warns Russia At Risk From Global "Crisis"
MOSCOW -- Russian President Vladimir Putin Monday warned that the world economy was in crisis and its consequences risked hurting Russia's performance just as the global slowdown did in 2008-09.
Putin ordered Prime Minister Dmitry Medvedev to convene a special meeting of Kremlin and government advisers to come up with a response to a warning that Russia was nearing recession.
The Kremlin chief sternly cautioned that "the global crisis is obtaining ever more dangerous contours that will inevitably impact us, too."
"This happened in 2008 and this is what we are witnessing today," Putin said.
Russia's economy contracted by nearly 10% in 2009 in the immediate aftermath of the global financial and economic crisis that began the previous year.
Read more: http://www.nasdaq.com/article/putin-warns-russia-at-risk-from-global-crisis-20130415-00684#ixzz2QY7jNtGZ