Putin hails ‘opportunities’ for Russian economy despite sanctions

[ad_1]

Russia’s GDP contracted 2.1% in 2022, according to data published on Monday by Rosstat, far from the much more negative forecasts of a few months ago. 09/21 – Putin calls up 300,000 reservists and cites nuclear threat Mikhail Klimentyev/AP Russian President Vladimir Putin hailed the resilience of the Russian economy despite international sanctions in his annual address to the nation this Tuesday (21) and highlighted “opportunities” for Russian companies. “The aim of our work is not to adapt to current conditions. The strategic task is to take our economy to new frontiers,” the Russian president told political elites close to the Kremlin. “Now everything is changing, and very quickly. It is a time not only of challenges but also of opportunities,” Putin said, hailing the Russian economy’s growing “independence” from foreign markets. “Everyone must understand: the sources of well-being, of the future, must be here, in the motherland, Russia”, he emphasized. “Invest in Russia,” he urged. Russia’s GDP contracted by 2.1% in 2022, according to data published on Monday by Rosstat, far from the much more negative forecasts of a few months ago, and the IMF now anticipates slight growth, 0.3%, for 2023. According to the Russian head of state, “the Russian economy turned out to be much stronger than the West thought” and assured that international sanctions aim “to make the Russian civilian population suffer”. Putin also called for an increase in military-industrial production as part of the military offensive in Ukraine and announced the creation of a special fund to help the families of soldiers killed in combat.

[ad_2]

Source link