The recovery of the Russian economy is complete, the country has withstood sanctions – Kommersant

The recovery of the Russian economy is complete, the country has withstood sanctions - Kommersant

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President Vladimir Putin held a meeting on the formation of the federal budget for 2024 and for the planning period of 2025 and 2026. The President said that GDP has reached the 2021 level. Oil and gas budget revenues in July-August recovered to last year’s levels.

The President recalled that in April GDP growth was projected at 1.2%. “But in fact, we have already exceeded this level, and by the end of the year, GDP growth may reach the level of 2.5%, or even, perhaps, more – 2.8%,” the president said.

“The stage of recovery of the Russian economy has been completed. We have withstood unprecedented external pressure. The sanctions onslaught of some ruling elites in the so-called Western bloc, some ruling elites in certain countries that we call unfriendly,” Mr. Putin said during his speech.

The President also drew attention to the need to make timely decisions in connection with the weakening of the ruble and understand its reasons.

The news is being updated.

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