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12/7/2023, 12:55 PM (Source: TeleTrader)
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Putin: Russia countering external attempts to hold us back

Russian President Vladimir Putin said on Thursday that the Russian economy is "effectively counteracting the external attempts to hold us back."

Delivering a speech at an investment forum hosted by VTB, Putin praised his country's "fundamental resilience" over the past 20 years, especially the "development of the consumption sector to reinforce our financial areas" and setting up its own payment infrastructure. Sanctions against Russia were specifically aimed against its citizens and families, he claimed, noting that, ultimately, only western companies lost their revenue from Russia.

"The objectives set by our adversaries have not been reached. On the contrary, we have reinforced our sovereignty," he pointed out. In the first 10 months of 2023, the nation's economy grew 3.2%, according to Putin, who estimated that growth would reach 3.5% for the full year. Russia is Europe's largest economy, he emphasized.

Baha Breaking News (BBN) / MS