Russian President Vladimir Putin spoke during a government briefing, underscoring that there are solid grounds to believe Russia can move forward with its ambitious infrastructure initiatives. He emphasized that the momentum behind these projects is sustained by a clear plan, strong logistics, and the nation’s capacity to mobilize resources efficiently. The message conveyed at the session reflected confidence in the strategic importance of upgrading transport networks, energy systems, and regional facilities to support long term growth and development in the federation.
In a parallel remark, President Erdogan reaffirmed his commitment to the national agenda, stating that every large-scale undertaking of this kind will proceed. He highlighted the government’s readiness to navigate challenges and maintain steady progress, stressing that the overarching goal remains the creation of resilient, modern infrastructure that can boost economic activity, improve connectivity, and enhance the daily lives of citizens across the country.
Putin noted that the present circumstances provide a strong rationale for trusting the execution of these plans. He pointed to the alignment of policy measures, financial readiness, and ongoing collaboration with industry and regional administrations as factors that support timely delivery, even as global dynamics continue to influence investment conditions and manufacturing timelines.
Looking ahead to the macroeconomic outlook for the coming year, Putin described a generally positive trajectory for 2023. He observed that industrial output is maintaining an upward trend, and the electronics sector is performing better than earlier projections suggested, which bodes well for downstream manufacturing and export potential. This improvement in electronics is framed as a sign of strengthened domestic capabilities and improved supply chains, contributing to broader economic resilience.
Maxim Reshetnikov, a former minister of economic development, commented on the improving outlook for household incomes. He pointed to ongoing wage dynamics, productivity improvements, and targeted policy measures aimed at raising consumer purchasing power, suggesting that the broader income environment is gradually strengthening as the economy adjusts to evolving market conditions.
Meanwhile, Russian Prime Minister Mishustin announced that nominal wages are on the rise, noting a 13 percent increase for citizens. The statement was framed as part of broader efforts to balance growth with living standards, signaling a commitment to ensuring that workers benefit from the country’s economic momentum while addressing cost of living pressures and the need for continued social support where appropriate. [Source: TASS]