In his speech to the Federal Assembly, Russian President Vladimir Putin touched on the economic and political challenges facing Russia, stressing that Western attempts to crush the Russian economy have failed.
The presentation presented economic indicators and figures reflecting the current situation in the Russian economy, as well as Russia’s goals for the next stage, the most striking of which are the following:
Vladimir Putin: Russia will not need any loans, and the money in our banks is huge, and their balances have grown over the past year.
Vladimir Putin: The Russian banking sector made a good profit of 203 billion rubles last year, which indicates the stability of the country’s financial sector.
– Putin: The volume of trade in rubles has doubled since December 2021, and now it has reached a third.
Vladimir Putin: The Russian economy shrank by 2.1% in 2022, and expectations were that it would collapse.
Vladimir Putin: Unemployment in Russia has now fallen to a historic low of 3.7%.
Vladimir Putin: We have begun and will continue to increase support for new regions, we will work on building roads, and we will implement all these plans. We will provide security and stability for him.
– Putin: Russia is entering a new cycle of economic development and there is every opportunity to make progress on many fronts.
Vladimir Putin: Inflation in Russia has reached its target of about 4%, which is better than in some European countries.
Vladimir Putin: Working with the West as a haven for capital is just an illusion. Our businessmen took their capital and their property to the West, which plundered it.