December 17, 2020
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)
