The message delivered by President Vladimir Putin to Russia’s Federal Assembly lays out a concrete plan designed to sustain the country’s positive GDP trajectory and target a growth rate of about 3 percent by 2030. This overview was highlighted by Maxim Reshetnikov, the head of Russia’s Ministry of Economic Development, who described the president’s address as a blueprint that will feed into the government’s action program.
Reshetnikov emphasized that the framework outlined in the presidential message hinges on a resource-backed set of economic decisions. He stated that this framework will help preserve the current positive trend and set the stage for GDP growth to reach 3 percent by the end of the decade. The minister noted that the finalized figures regarding the dynamics and pace of growth would be announced in April, reflecting the careful calibration of policy levers as the plan moves from rhetoric to implementation.
In his assessment, the president’s address constitutes a broad, long-range development program for Russia through 2030. He pointed out that the document comprises multiple interlocking components, each aimed at strengthening the nation’s economic foundation. Among the most significant elements cited is a robust push on the supply side of the economy. Reshetnikov described the plan as presenting a wide-ranging agenda around national technological leadership, signaling a deliberate shift toward innovation-led growth.
The minister highlighted that the strategy rests on homegrown technologies, including machine tool manufacturing, microelectronics, and unmanned aerial systems, with these sectors envisioned to underpin the expansion of the supply economy. He also drew attention to the importance of maintaining support for investment activity and regional development, noting that successful implementation will require coordinated action across federal and local levels.
Key instruments mentioned for regional resilience include debt forgiveness tailored to empower regions to allocate resources toward infrastructure projects as they see fit, complemented by infrastructure-focused budgeting and credit facilities. Reshetnikov reiterated that the government intends to preserve and build upon tools that have been developed in recent years to reinforce sustainable growth across provinces and markets.
February 29 marked a formal two-hour address to the Federal Assembly, during which President Putin articulated the core priorities and the strategic path for Russia’s economy. The Kremlin has subsequently weighed the international reception of the message, noting varying responses from other countries and emphasizing that the plan’s focus remains on domestic resilience and long-term competitiveness. The emphasis throughout the address was on maintaining momentum, backing it with targeted investments, and ensuring that regional administrations have the fiscal space needed to support critical infrastructure and modernization projects.
Overall, the administration’s framing suggests a deliberate move toward integrating technological leadership with practical fiscal measures, designed to drive growth while reinforcing financial stability and regional capacity. The new policy signals aim to align national capabilities with the demands of contemporary global markets, positioning Russia to pursue higher productivity, greater domestic self-sufficiency, and enhanced international economic engagement over the coming years. According to officials, the plan will be rolled out in stages, with ongoing assessments to ensure that the set targets remain within reach and that adjustments can be made in response to evolving economic conditions.