The recovery of the Russian economy after sanctions is complete. President Vladimir Putin announced this at a meeting on the draft federal budget for 2024–2026; the transcript is available on the Kremlin website.
“In general, we can say that the stage of restoration of the Russian economy has been completed,” Putin said, adding that Russia has withstood an unprecedented “sanctions onslaught” from unfriendly countries.
The President noted that the country’s GDP has reached the pre-sanction level of 2021, and by the end of the year its growth could reach the level of 2.5 and even 2.8 percent. The President drew attention to the need to make timely decisions in connection with the weakening of the ruble and to understand its reasons. I am confident that the government and the Central Bank will work professionally and coordinatedly, Putin added.
He also touched upon the draft state budget for the next three years, noting that he is aware of all the disputes within the government on these issues, and called for “putting an end to it.” The president did not specify what kind of “disputes within the government” he was talking about.
In general, he described the economic situation in Russia as “stable and balanced.”
Previously, the president stated that Russia, based on the results of last year, entered the top five largest economies in the world.
Source: Rosbalt
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