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Friday 6:12 Russia's dependence on raw materials 'humiliating'

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Friday 6:12 Russia's dependence on raw materials 'humiliating'

Russia's president, Dmitry Medvedev, has warned that the country needs to change its economy in order to survive. He used his annual state of the nation address to describe Russia's dependence on raw materials as 'humiliating' and said that dependence on them is hampering economic growth.

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