Putin: Russia has climbed out of recession despite western sanctions

&Tab;&Tab;<div class&equals;"wpcnt">&NewLine;&Tab;&Tab;&Tab;<div class&equals;"wpa">&NewLine;&Tab;&Tab;&Tab;&Tab;<span class&equals;"wpa-about">Advertisements<&sol;span>&NewLine;&Tab;&Tab;&Tab;&Tab;<div class&equals;"u top&lowbar;amp">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;<amp-ad width&equals;"300" height&equals;"265"&NewLine;&Tab;&Tab; type&equals;"pubmine"&NewLine;&Tab;&Tab; data-siteid&equals;"111265417"&NewLine;&Tab;&Tab; data-section&equals;"1">&NewLine;&Tab;&Tab;<&sol;amp-ad>&NewLine;&Tab;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;&Tab;<&sol;div>&NewLine;&Tab;&Tab;<&sol;div><p>Russia has climbed out of recession despite continuing western sanctions&comma; Vladimir Putin has told the nation&period;<&sol;p>&NewLine;<p>The Russian president said during a live call-in show that the restrictions have forced the country to &&num;8220&semi;switch on our brains&&num;8221&semi; to reduce dependence on energy exports&period;<&sol;p>&NewLine;<p>Mr Putin also deplored the US Senate&&num;8217&semi;s decision to impose new sanctions on Russia as a reflection of western efforts to &&num;8220&semi;contain&&num;8221&semi; Russia&comma; but insisted that the measures have only made the country stronger&period;<&sol;p>&NewLine;<p>The Republican-led Senate voted on Wednesday to punish Moscow for interfering in the 2016 election by approving a wide-ranging package of sanctions targeting key sectors of Russia&&num;8217&semi;s economy and individuals who carried out cyber attacks&period;<&sol;p>&NewLine;<p>The US Senate bill follows up on several rounds of sanctions imposed by the US and the European Union over Russia&&num;8217&semi;s annexation of Ukraine&&num;8217&semi;s Crimean Peninsula and its support for pro-Russia insurgents in eastern Ukraine&period;<&sol;p>&NewLine;<p>Mr Putin argued that Russia has done nothing to warrant the US Senate&&num;8217&semi;s move&comma; saying it highlights the west&&num;8217&semi;s policy of containing Russia and also reflects domestic infighting and &&num;8220&semi;internal political struggle&&num;8221&semi; in America&period;<&sol;p>&NewLine;<p>Mr Putin said that the sanctions have given Russia an incentive to shed its dependence on oil and gas exports and &&num;8220&semi;switch on our brains and talents&&num;8221&semi; to develop other industries&period;<&sol;p>&NewLine;<p>He emphasised that electronics&comma; aerospace industries and agriculture have all received a boost&period;<&sol;p>&NewLine;<p>Russia has responded to the US and EU sanctions by halting most western food imports&comma; a move that has helped increase Russian agricultural output&period;<&sol;p>&NewLine;<p>Russian farmers have pleaded with the Kremlin to keep the import ban even if the west lifts its sanctions&comma; but Mr Putin said that if <i>&&num;8220&semi;our partners lift the sanctions against our economy&comma; we will respond in kind&&num;8221&semi;&period;<&sol;i><&sol;p>&NewLine;<p>The Russian leader claimed that the &&num;8220&semi;crisis is over&comma;&&num;8221&semi; pointing at modest economic growth over the past nine months&comma; low inflation and rising currency reserves&period;<&sol;p>&NewLine;<p>Mr Putin said that a slump in oil prices had been a more important factor in Russia&&num;8217&semi;s economic slowdown than the sanctions&period;<&sol;p>&NewLine;<p>He acknowledged that the Russian economy has not yet shed its dependence on exports of raw materials&comma; but noted that non-energy exports have been growing&period;<&sol;p>&NewLine;<p>Mr Putin recognised that people&&num;8217&semi;s incomes have fallen and 13&period;5&percnt; of Russians now live below the poverty line&period;<&sol;p>&NewLine;&Tab;&Tab;&Tab;<div style&equals;"padding-bottom&colon;15px&semi;" class&equals;"wordads-tag" data-slot-type&equals;"belowpost">&NewLine;&Tab;&Tab;&Tab;&Tab;<div id&equals;"atatags-dynamic-belowpost-68eda08299ac9">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;<script type&equals;"text&sol;javascript">&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;getAdSnippetCallback &equals; function &lpar;&rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;if &lpar; false &equals;&equals;&equals; &lpar; window&period;isWatlV1 &quest;&quest; false &rpar; &rpar; &lbrace;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&sol;&sol; Use Aditude scripts&period;&NewLine;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;&Tab;window&period;tudeMappings &equals; window&period;tudeMappings &vert;&vert; 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