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Commercial banks overstating current risks in Russia’s economy

“If you take some countries of the euro area, the risks existing there are much greater than what we have here” Putin said

VORONEZH, May 23 (Itar-Tass) - Commercial banks are apparently overstating the risks that exist in Russia’s economy today, President Vladimir Putin said Thursday at a conference with businessmen in the city of Voronezh.

“If you take some countries of the euro area, the risks existing there are much greater than what we have here but no one quotes any risks there, however,” Putin said.