Putin Meets with Economic Chief to Review Russia’s Growth Path and SME Support
In a recent session, President Vladimir Putin held discussions with Maksim Reshetnikov, the Minister of Economic Development, to take stock of the country’s economic trajectory. The Kremlin’s press service reported this exchange, emphasizing a focus on how the economy is progressing and the tools available to stimulate investment at scale.
The dialogue covered the latest trends in macroeconomic indicators and the spectrum of measures aimed at attracting large investments. Officials explored ways to accelerate structural reforms and to ensure the business climate remains conducive for long-term capital commitments. A key part of the conversation centered on strengthening the support system for small and medium businesses, recognizing their role as a core engine of modernization and resilience in the Russian economy.
Minister Reshetnikov highlighted confidence that by the end of 2023 Russia would rank among the leading economies in terms of growth among developed nations. He pointed to the growth of small businesses as a critical driver behind the ongoing structural shift, underscoring their contribution to diversification, employment, and regional development across the country.
During a working meeting, the ministers also noted that inflation had cooled to 2.6 percent in April 2023, a figure cited as part of the broader discussion on price stability and monetary discipline. This data point was presented as a sign of prudent policy choices that help maintain purchasing power while supporting investment confidence.
In the course of the talks, Putin remarked on an observation often reported by international audiences watching Western media: that economic problems can be quiet or understated in their visible impact, even as underlying pressures remain. The president’s remarks signaled a call for continued vigilance and proactive policy coordination to sustain growth dynamics and address emerging challenges across sectors. The meeting conveyed a shared emphasis on restoring momentum in key industries, aligning fiscal and regulatory measures with the goal of long-term economic health.
Overall, the discussions with the economic chief underscored a strategy focused on robust investment activity, a resilient SME sector, and careful inflation management as Russia advances along its growth trajectory. The exchange served as a platform to confirm priorities, coordinate actions across ministries, and reaffirm the government’s commitment to prudent, evidence-based economic management. Source: Kremlin press service