The Russian Federation’s gross domestic product (GDP) has grown by 3.2% in the last 10 months, exceeding the figures before the imposition of Western sanctions. This was stated by Russian President Vladimir Putin. TASS.
On December 7, the head of state said at the VTB investment forum “Russia is Calling!” The event will take place at the World Trade Center in Moscow and ends on December 8.
Putin also pointed out in his speech that the growth rate of the country’s economy has increased. As he noted, the Russian Federation is currently ahead of all leading states of the European Union (EU) in this indicator.
“Russia is the largest economy in Europe,” the president added.
He also noted that over the past two years the country has demonstrated its ability to respond to the toughest challenges. According to Putin, the Russian economy has a “fundamental reserve of strength” and has proven this in the face of unprecedented sanctions pressure.
In addition, in his speech at the forum, the head of state said about changes in economic relations between powers. Putin announced that the global economy is going through a process of irreversible change due to the transition from the old model of globalization to the multipolar model of international relations.
Previously in the Council of Ministers of the Russian Federation Completed GDP growth forecast for the end of 2023.