Russia has a “strong” balance of payments, which the country is able to maintain without borrowing from foreign banks. This was expressed by Russian President Vladimir Putin, whose words were quoted. TASS.
“Thanks to Russia’s strong balance of payments, we do not need to borrow from abroad, go into captivity,” the President said at the meeting of the Strategic Development and National Projects Council.
The head of state also described ensuring financial sovereignty as one of the main tasks of the state. Putin mentioned that the country’s economy has financial resources, but the need to increase their availability for the new economy, as well as the creation of high-tech enterprises and the production of products with high added value.
“The functioning of our financial system must meet the needs previously met by Western sources of finance, including trade and project finance.” projects as well as in fast-growing high-tech enterprises.
By the president’s predictionBy the end of the year, the decline in Russia’s GDP will be 2.5%.