Putin announces the end of the recovery phase of the Russian economy

The Russian economy withstood unprecedented external pressure and fully recovered, the country's GDP reached the level of 2021, Russian President Vladimir Putin said at a meeting on the draft federal budget for 2024-2026.

"In general, we can say that the restoration phase of the Russian economy has ended. We have resisted absolutely unprecedented external pressure, sanctions attacks by some ruling elites in the so-called Western bloc, some ruling elites in individual countries that we call unfriendly," Putin said.

"Russia's GDP has reached the level of 2021, and now it is important to create conditions for further sustainable and long-term development," he added.

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