Russian President Vladimir Putin said that Russia’s gross domestic product will increase by 3.5 percent by the end of 2023, and that the growth will also be seen in other countries of the Eurasian Economic Union (EAEU). He announced this in a large format at the Supreme Eurasian Economic Council. TASS.
“This year, all member countries of the association are experiencing stable economic growth. “In other words, GDP in Russia increased by 3 percent in the first three quarters, and it is expected to increase by 3.5 percent at the end of the year,” he said.
Putin before statedHe said that cooperation in the EAEU is progressing successfully and unlocking the economic potential of the union countries. Putin noted that cooperation within the EAEU is progressing extremely successfully and dynamically. Interaction between countries takes place on the basis of common benefit, taking into account the interests of all countries.
14 December Putin statedannounced that the public’s foreign debt decreased from 46 billion dollars to 32 billion dollars. According to the Central Bank of Russia, the ratio of foreign debt to GDP in Russia fell below 15 percent for the first time in the second quarter of this year. This figure has been falling steadily over the last few years. It was 31% in 2020, 26.2% at the end of 2021, and 16.6% in 2022. According to the regulator’s calculations, the credit level decreased in the second quarter of 2023, reaching 14.96%.
Putin before reported about a slight decrease in the volume of EAEU GDP despite the crisis in trade.