Putin says growth rate of Russia economy outpace dynamics of global economy

By Anjali Sharma

WASHINGTON – Russian President Vladimir Putin on Tuesday emphasized that the growth rate of the Russian economy should outpace the dynamics of the global economy during a meeting on economic issues, as reported by TASS State news agency.

Mr. Putin stated that stability of public finances, the implementation of planned projects and programs directly depend on the state of affairs in the Russian economy.

“It is obvious that the stability of public finances, the implementation of planned projects and programs directly depend on the state of affairs in the Russian economy. And here we have set the main goal, namely, to ensure the growth rates necessary for this,” he said as quoted by TASS.

“The Russian economy should strive] to outpace the dynamics of the global economy by revealing the own potential of industries, regions and territories, developing ties with foreign partners, through the widespread introduction of advanced technologies, and mastering new promising areas of the modern economy,” Putin said during the meeting, reported by TASS.

Putin virtually participated in the BRICS virtual summit, which took place under the chairmanship of Brazil, the Russian Embassy in India shared.

“Cooperation between member countries in trade and economy, finance, investment, and other areas amid the current global economic landscape was on the agenda,” as per the statement by the Embassy.

External Affairs Minister S Jaishankar represented PM Modi at the virtual summit.

He underscored in a post on X that India’s message was that BRICS should work towards stabilizing the international economy, address the impact of ongoing conflicts on the Global South & proactively support reforming multilateralism.