Putin to Lead Evening Economic Briefing at Novo-Ogaryovo
Russian President Vladimir Putin will chair an evening meeting focused on economic matters on November 1, as confirmed by Dmitry Peskov, the presidential press secretary. Peskov described the session as part of a long-standing practice of reviewing the economy in a dedicated format at the close of the day.
A Kremlin spokesperson confirmed that on November 1 Putin would be at Novo-Ogaryovo, the presidential residence, while preparations for the discussions continued. The briefing noted that later in the day Putin would take part in a traditional economy-focused meeting in a standard format in the afternoon, featuring a dialogue with the economic bloc and leadership of the presidential administration. The remarks were reported by TASS via Peskov.
The gathering, described by the press secretary as a regular synchronization of tasks and a current-economy analysis session, will be conducted via video conference. Only Putin’s remarks are planned for public release during the open portion of the event.
Beyond the president, a high-profile lineup of senior officials is expected to attend. The participants include Prime Minister Mikhail Mishustin, First Deputy Prime Minister Andrei Belousov, First Deputy Head of the Presidential Administration Sergei Kiriyenko, Deputy Prime Minister and Private Secretary Dmitry Grigorenko, the Vice President, and other key ministers and central-bank leaders. The group is also anticipated to include Maxim Oreshkin, Minister of Economy, Maxim Reshetnikov, Minister of Finance Anton Siluanov, and Elvira Nabiullina, Governor of the Bank of Russia. The attendance underscores the emphasis on aligning economic policy at the highest levels of government and state institutions. (TASS)
Regarding recent economic indicators, Mishustin pointed to Russia’s gross domestic product rising about 2.8 percent year over year in the first nine months of 2023, according to preliminary data. He noted that September’s growth surpassed 5 percent on a year-over-year basis. These numbers illustrate ongoing expansion amid a challenging external environment and reflect government efforts to maintain momentum across sectors such as manufacturing, services, and exports despite external pressures.
On the energy front, Mishustin acknowledged a continued downturn in the oil and gas sector. He stressed that redirecting export flows and restructuring supply chains will take time, underscoring the need for strategic adjustments to sustain overall growth. The Prime Minister emphasized that the economy remains resilient and progressing steadily even as international dynamics pose headwinds. This outlook signals a focus on diversification, efficiency gains, and targeted support to preserve macroeconomic stability. (TASS)
Earlier developments include the United States Treasury extending sanctions measures against Russia, a move that continues to shape the broader economic landscape. The government’s responses to such measures, alongside domestic policy efforts, provide context for the upcoming discussions and the Novo-Ogaryovo meeting. (TASS)