Putin positive on Russian economic situation

Russian President Vladimir Putin is positive about the economic situation in Russia. Interfax in Moscow quoted Putin as saying the economy was developing "very energetically".

"The economy is developing with the planned speed and very energetically, budget revenues, the stabilization fund and gold and foreign currency reserves of the Central Bank are growing," Putin said at a Monday meeting with Finance Minister Alexei Kudrin.

"Surplus revenues of budget 2004 have recently been distributed, an