MOSCOW - PRIME Minister Vladimir Putin said on Monday that Russia's long-term economic goals would remain unchanged and the financial crisis should 'raise adrenaline in the blood' to make the Cabinet work harder.

Speaking at a Cabinet session wrapping up the year's economic results, Mr Putin said 'there is no way Russia would give up its plans' for long-term economic development through 2020.

He admitted that working in a stable economic situation is 'nicer', but hard times are more challenging to live in.

'Working in difficult conditions should not bring about stagnation, low spirits or depression,' a stern-looking Mr Putin told the government in televised remarks. 'It should raise adrenaline in the blood. It is a challenge and an opportunity to show what you're worth.'

Mr Putin said the government had set aside a massive package to prop up the economy, adding that the funds would be wisely spent. 'The government is not going to throw all the new money into the heat of the crisis without thinking about the result,' he said.

Mr Putin also said Russia's economy was expected to grow 6 per cent this year - in line with recent forecasts.

Early this year, Russian economic and financial officials projected a 6.6 per cent economic growth and then raised its estimate to 7.8 per cent in July. Russia's GDP in the first nine months of the year was up 7.7 per cent.

'We could have had even more positive results of the economy's development in 2008,' Mr Putin noted. 'But our economy has long been intergrated into the global one.'

Russia's economy has been badly hit by the global meltdown as commodities prices plummeted and the ruble has weakened under the pressure of growing economic woes. -- AP