Putin applauds truck-maker Kamaz for best financial results in 20 years

The head of Russian truck-maker Kamaz said on Thursday his firm was seeing its best financial results in 20 years - a claim that earned the applause of President Vladimir Putin, with whom he was sharing the stage during a panel discussion.

Kamaz CEO Sergei Kogogin was speaking alongside Putin at an annual forum for Russia's business elite, where Putin called on the assembled business owners to invest in building Russia's new economy in the face of Western sanctions.