Putin: No 'Occupy Wall Street' protests for Russia

October 17, 2011 16:32

MOSCOW - Russian Prime Minister Vladimir Putin defended plans to bolster social spending on Monday, telling global corporate chiefs that it would help stave off the type of protests that occurred in the United States and Europe over the weekend.

Speaking after demonstrators rallied against injustice and economic crisis around the world at the weekend, Putin said the double-digit increases in social spending that he has approved would prevent similar unrest in Russia.

"If this (social spending) does not take place, then we could get to a situation which we see in countries with developed economies," Putin said in his first public comments on the "Occupy Wall Street" movement which has quickly spread around the globe from the United States.

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