Russia could move the transit volumes lost through the damage to the Nord Stream pipelines to the Black Sea region, by establishing a ‘gas hub’ in Türkiye for EU supplies, President Vladimir Putin has said.

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The economy has largely recovered from last year’s sanctions-induced slump, according to VEB The Russian economy could expand beyond previous projections this year, Andrey Klepach, chief economist at the Russian state development corporation VEB.RF, predicted on Thursday.