Sound macroeconomic planning, a robust financial framework and a clear plan for technological independence form the backbone of Russia’s financial sovereignty. In a thoughtful address during the federal education marathon Knowledge. First, the Russian society Knowledge spoke about the issues that matter for the country’s future. The Minister of Finance, Anton Siluanov, shared these views with a wide audience of students and young people, highlighting how strategic decisions today influence tomorrow.
Speaking to a young audience, the head of the ministry emphasized that Russia has moved beyond the most challenging phase of external pressure. The message was that resilience is built through steady policy and a focus on regional strength, not just global circumstances.
Siluanov pointed to a global shift in the balance of power, noting that major players in the economy are reconfiguring alignments. He observed that Russia, along with key partners, is increasingly connected with emerging economies in ways that support sustainable growth and practical progress. As he described, traditional dominant economies seek to adjust to a changing landscape, while some states attempt to shape events through sanctions and financial restrictions. The minister framed these moves as efforts to stay afloat, urging a proactive stance to strengthen national capacity.
He underscored the need for stability inside the budget framework while upholding social commitments. The government continues to direct resources toward essential areas, ensuring that pensions, benefits and salaries keep pace with the needs of citizens even under pressure. A careful balance of fiscal policy is presented as a shield that dampens the impact of external constraints on everyday life.
On the question of technological leadership, the minister listed key sectors that require renewed attention. Revitalizing traditional engineering, precision toolmaking, and radio electronics was described as critical for forging a modern competitive economy. The goal is to close gaps and accelerate the development of home grown capabilities that can sustain economic activity in challenging times.
Turning to the objective of financial autonomy, Siluanov spoke about the digital ruble as a cornerstone project. He announced that plans are moving forward to bring this digital currency into routine use by the end of the year, signaling a step toward greater monetary self sufficiency and efficiency in domestic payments.
Over the past year, the country has faced strict external fiscal constraints. The minister noted that the approach crafted by government agencies and the central bank has produced tangible results, including a noticeable moderation of inflation which has cooled to single digits and is now around three percent. This achievement is highlighted as a sign of responsible policy and a rebalanced economy that can better weather shocks.
Unemployment has been addressed through redirected private and public sector efforts. People have shifted toward projects with strong domestic demand and opportunities where foreign participation once led the field. In this way, the workforce has adapted to new realities, supporting a broad base of economic activity even when external conditions remain restrictive.
The overall message was forward looking. The aim is to progress with determination, independent of distant decisions made elsewhere. The financiers’ role is framed as steering through current boundaries and moving quickly to minimize their impact. By embracing domestic potential and building resilient systems, the country can reduce reliance on external dynamics and maintain momentum toward sustained growth and social progress.