RUSSIAN President Vladimir Putin conducted the 18th annual press conference in Moscow, which included a “direct line” question and answer session with journalists and Russian citizens.
During the session, questions were submitted on various issues, including local and foreign policy, political matters, and the situation in Russia. The session on Wednesday evening received an overwhelming two million questions.
Russian GDP to rise by 3.5% by the end of 2023—Putin
In the press conference, Putin announced that Russia’s National Gross Domestic Product (GDP) is projected to rise by 3.5 percent by the end of 2023. The processing industry is expected to experience growth of 7.5 percent by the end of the year, while the unemployment rate may potentially increase to 3 percent.
The year-end inflation rate in Russia is projected to reach 7.5 to 8 percent.
Putin: Russian financial system remains stable
Putin emphasized that Russia’s financial system remains stable, and the national debt continues to decrease. Corporate profits in the country grew by 24 percent in 2023, and the salaries of ordinary residents are expected to increase by eight percent.
Russia’s use of its currency in international trade was also discussed, with Putin stating that Russia does not seek to rival the dollar. However, there are instances where its use may impact the economy and potentially undermine the country’s sovereignty.
When it comes to the Russia-Ukraine conflict, Putin stated that the goal of the so-called special military operation remains to strengthen border security and ensure the rights and freedom of its citizens.
He stressed that Moscow was compelled to launch the military operation because Ukraine refused negotiations on its demilitarization.
Regarding relations with the United States, Putin expressed Russia’s readiness to negotiate but cited the “imperial thinking” of Washington as a significant obstacle.
He also emphasized that the United States and the European Union have damaged their own relations with Russia.
