What does the Russian economy look like in a state of war?

Mondo International Updated on 2024-01-28

Russia in a state of war, in the midst of the collective sanctions of Western countries, has the Russian economy been destroyed or stubbornly clinging to the old situation?

Putin answered this question with facts: Over the course of 20 years, Russia has gradually transformed its economy into a basic security model capable of effectively coping with any external shock.

Russia's GDP grew by 32%, and the annual growth rate is expected to be no less than 35 percent, and more importantly, people's wages have increased by 7 percent, and the people have fully enjoyed the dividends of economic development.

The Russian financial system is also "completely normal, completely healthy", at the beginning of the war, the whole world ** Moscow's finance will collapse, and the ruble may become waste paper, now looking at it, the ruble exists in a normal state of depreciation against the world's major currencies, but it is still stable, and the federal budget deficit in the first 11 months of 2023 is about 05%, and for the first time achieved "fully financed from domestic resources", that is, Russian finance can be completely separated from foreign channels without drying up.

Completely reversed the old industrial pattern of selling oil and resources, the share of non-raw material industries in the economic growth structure is increasing, and under the premise of rapid economic growth as a whole, the mining industry grew by only 2% in the second quarter, Putin proudly said, "Russia is no longer a gas station as others say!."”

Firmly open the Russian market, open the country through win-win cooperation, without discrimination, without expelling anyone and without putting obstacles on anyone, so that the whole world understands that "cooperation with Russia and Russia is profitable, has been and will be profitable." ”

Under the large-scale sanctions of the West, the number of foreign companies investing in Russia not only did not decrease, but also increased by more than 6%, especially with the ** of a number of friendly countries, which is growing at an unprecedented rate.

The growing confidence of the Russian population, due to the positive impact on domestic investment due to optimism about the future, and the increasing frequency of business activities, provide sufficient funds for businesses that meet the needs of the domestic market and export needs.

* The market is safe and stable, for those who are willing to invest in Russia for a long time, let them earn money, create attractive conditions for them.

Simplify formalities and processes, accelerate the issuance of ** for small, fast-growing companies in the high-tech sector, and extend insurance to long-term personal investment accounts of more than 1.4 million rubles.

There is no threat of a recession, but Russia sees the risks associated with record mortgage insurance and sums up the negative experience of other countries, and Putin says they are looking for solutions so that the market does not overheat.

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