Russian President Vladimir Putin delivers his annual address to the Federal Assembly in Moscow, Russia April 21, 2021. Sputnik/Mikhail Klimentyev/Kremlin via REUTERS
MOSCOW (Reuters) - Russian President Vladimir Putin announced new social support measures for families with children on Wednesday and hinted at more tax changes, saying the corporate sector was on course for record profits this year.
Addressing falling living standards is one of the priorities for Putin before a parliamentary election due in September. The economy shrank 3% last year, its sharpest contraction in 11 years, and inflation hit 5.8% last month, its highest level since 2016.
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