Putin says no need for nationalisation in Russia

Russia's President Putin takes part in Valdai discussion club meeting

MOSCOW (Reuters) - Russian President Vladimir Putin said on Thursday that Russia has no need to nationalise assets to deal with the economic fallout of sanctions and the conflict in Ukraine.

He also said it was a "gift" to local investors and businesses that swathes of Western companies have left Russia since it sent tens of thousands of troops into Ukraine in February.

(Reporting by Reuters)