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Putin Says State Asset Sales to Help Create New, Modern Economy

Russia's President Vladimir Putin  stands and delivers the keynote speech on day one of the Saint Petersburg International Economic Forum 2012 in Saint Petersburg. Photographer: Andrey Rudakov/Bloomberg
Russia's President Vladimir Putin stands and delivers the keynote speech on day one of the Saint Petersburg International Economic Forum 2012 in Saint Petersburg. Photographer: Andrey Rudakov/Bloomberg

June 21 (Bloomberg) -- President Vladimir Putin reiterated his commitment to sell the Russian government non-strategic assets, saying state asset sales are needed to create a “new, modern” economy.

Putin was speaking at the St. Petersburg International Economic Forum in Russia’s second-largest city today.

To contact the reporter on this story: Stepan Kravchenko in Moscow at skravchenko@bloomberg.net

To contact the editor responsible for this story: Brad Cook at bcook7@bloomberg.net

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