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Putin: “Western actions destroy the system of economic relations”

"We are the largest European economy and in terms of growth we are now ahead of all the main EU countries"

© Agenzia Nova - Reproduction reserved

Western actions destroy the system of economic relations. This was stated by the Russian president, Vladimir Putin, participating in the VTB Investment Forum in Moscow. For Putin, Western countries "destroy the financial, commercial, economic system, which was built for decades (...) mostly by the West itself", said the president. Putin noted that the system of Western economic relations allows "robbing" other countries, as well as "blocking, removing or eliminating" other people's assets. The Russian leader then added that there are however "leaders of powerful countries who defy external pressure, being guided by their national interests".


Russia is Europe's largest economy and is now ahead of all major EU countries in terms of growth. The Kremlin holder said that in the first ten months of 2023 the growth of the country's gross domestic product (GDP) reached 3,2 percent. “Today (GDP growth) is already higher than in the period before the Western sanctions attack. It is expected that by the end of this year, at least we all really count on it, the GDP will increase by at least 3,5 percent,” Putin said. Furthermore, the president said that the Russian federal budget deficit in the 11 months of this year amounted to 878 billion rubles (8,8 billion euros).

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