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Russia intends to continue moves to a floating exchange rate and will not "burn" through its foreign exchange reserves, President Vladimir Putin said on Friday. "We will gradually move to a floating exchange rate. We will not burn our reserves thoughtlessly. We will use them for a certain balancing," Putin told a meeting with Russian and foreign experts on Russia. Putin also said that Russia will put the main emphasis on attracting private investment into its economy.

Copyright Reuters, 2014

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