Home » World » Vladimir Putin: Russia’s economy must prepare for Western sanctions – 2024-05-06 19:11:42

Vladimir Putin: Russia’s economy must prepare for Western sanctions – 2024-05-06 19:11:42

/ world today news/ On November 1, Russian President Vladimir Putin stated that in the first nine months of 2023, Russia’s gross domestic product increased by 2.8% on an annual basis. In August and September, it increased by 5.2% compared to last year. “The Russian economy shows good development trends,” Putin said, but stressed that Russia should prepare for a possible tightening of Western sanctions.

Putin called on the Russian government to seriously consider the risks to ensure the stability of foreign trade relations, the supply of goods, the stability of socio-economic development, the protection of the safety of citizens and national interests. Financial, transport and logistics infrastructures, long-term economic growth and economic independence of the country are also important areas for development.

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