russian president, Russian President Vladimir Putin, confirmed today that Russia this gradually “Disengagement” from him Accreditation affiliate Enter for him Gas and the petroleumstrongly Western sanctionsa trend he said was accelerating.
“We always say that we want to withdraw from oil and gas revenues. He said at the plenary session of the St. Petersburg Economic Forum, which is being held under the slogan “Development.” sovereign It is the foundation of a just world.”
The president explained that between January and May Unaccredited income affiliate hydrocarbons increased by 9.1%, more than expected. In May it was 28.5%.
He stressed that it is “an important indicator that the real sector of the economy, the transforming sectors, trade and services are gaining speed.”
Dependence on oil and gas
Putin confirmed that finance general to Russia “It’s generally well-balanced,” though he admits there was a “slight shortfall” due to the upfront payment.
We did it on purpose. We certainly need additional funds for our security and defense and for the purchase of weapons. We must do this to ensure the sovereignty of our country. It’s a reasonable process.”
According to the Ministry of Finance, in the first four months of 2023 Russia exceeded the budget deficit forecast for the entire fiscal year, by accumulating a gap of 3.4 trillion rubles ($44,987 million or €40,979 million), mainly due to 52.3%. Low oil and gas revenues.
For the time being, however, Russia maintains its forecast that the deficit will be 2% in 2023.
In Putin’s opinion, “a stable macroeconomic situation has become our competitive advantage.”
Russia’s economy
He emphasized that Russia’s GDP will rise by 1.5%-2% this year, as predicted by the European Central Bank (ECB), “which will allow our country to maintain its place in the top six of the world’s greatest.”
He stressed that the gross domestic product rose in April by 3.3% year on year.
The Russian economy shrank by 1.8% in the first quarter compared to the same period in 2022.
Putin also stressed that inflation is “lower than that of many eurozone countries” and is close to an all-time low of 2.9%.
In turn, he affirmed that the unemployment rate is 3.3%, a figure “that we have not seen in our history.”
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