Despite Existing Challenges, We Continue to Move Forward: Putin

Despite existing challenges, the country continues to move forward and develop. This was announced by the President of Russia, Vladimir Putin.

He also stated that key macroeconomic indicators remain stable. “The structure of the national economy is gradually changing in favor of high-value-added industries, while inflation is decreasing,” Putin said.

He pointed out the historically low level of unemployment. According to the Russian president, the government is successfully balancing the budget, which ensures the stability of the state’s financial system.

On December 19, Elvira Nabiullina, the head of the Central Bank of Russia, announced that a significant part of the path to achieving the 4% inflation target has been completed. According to her, stable low inflation is not a “superobjective,” but rather the key to balanced economic development.