Jabar Ekspres – Russia has managed to maintain economic stability in the face of “unprecedented challenges,” President Vladimir Putin said Friday (16/6/2023).
“Positive macroeconomic trends are gaining momentum and becoming more and more noticeable,” Putin told a plenary session of the 26th St. Petersburg International Economic Forum.
Russia’s GDP could reach a growth rate of about 1.5 percent to 2.0 percent this year, which would allow the country to maintain its place among the world’s leading economies, he said.
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Inflation remains near a historical low of 2.9 percent and unemployment is at a record low of 3.3 percent, according to the Russian leader.
While many foreign brands have long been selling products produced entirely in Russia, de facto Russian goods with only foreign logos now continue to be supplied after the departure of the brand owner and profits remain, Putin said.
He told the audience that Russia continues to pursue an open economy and will never take the path of self-isolation despite all difficulties.
“On the contrary, we have expanded contacts with reliable and responsible partners in countries and regions that today act as locomotives and drivers of the global economy. I want to repeat: these are the markets of the future,” he underlined.
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“The ugly neo-colonial international system has vanished, while the multipolar world order, on the contrary, is strengthened. This is an inevitable process,” Putin added.
The St. Petersburg International Economic Forum has been held annually in Russia’s second-largest city since 1997, and the theme of this year’s event, scheduled from Wednesday (June 14, 2023) to Saturday (June 17, 2023), is “Sovereign Development as the Basis of a Just World: Shared Strength for Future Generations.”
