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Russia's Putin says real incomes to fall around 3% in 2020 - Metro US

Russia’s Putin says real incomes to fall around 3% in 2020

Russian President Putin attends a meeting of the Supreme Eurasian Economic Council via a video conference call outside Moscow

MOSCOW (Reuters) – Russian President Vladimir Putin on Thursday said real incomes in Russia would fall around 3% in 2020, a consequence of the coronavirus pandemic, but that the banking sector was in a satisfactory condition.

Speaking at an annual press conference, Putin lamented the fall in incomes, but said banks were on course to make 1.3 trillion roubles ($17.9 billion) in profit this year.

($1 = 72.7650 roubles)

(Reporting by Andrey Ostroukh, Vladimir Soldatkin and Elena Fabrichnaya; Writing by Alexander Marrow)

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