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Putin says war in Ukraine is not killing Russia's economy
- On June 20, during his address at an economic forum in St. Petersburg, President Vladimir Putin asserted that the conflict in Ukraine has not harmed Russia’s economic performance.
- Putin's statement followed warnings from Economic Minister Maxim Reshetnikov on June 19 that Russia is on the verge of a recession and amid fading wartime economic momentum.
- Putin highlighted a 1.5% economic growth and inflation falling to 9.6% in the first four months of 2025, while noting Russia's reduced reliance on energy exports and steady manufacturing growth.
- He referenced a famous Mark Twain remark to reject negative reports about the economy and asserted that, despite sanctions, Russia's growth has exceeded the global average by more than 4% annually.
- While Putin urged avoiding recession and stagnation, government officials and analysts warn the economy faces long-term risks from low investment, inflation, and military spending pressures.
14 Articles
14 Articles
Putin says war in Ukraine is not killing Russia's economy
Russian President Vladimir Putin on Friday dismissed claims the war in Ukraine is devastating the Russian economy, citing continued growth, low debt and economic diversification as signs of resilience, while business leaders voiced concern about the economy's health.
Russian President Vladimir Putin has dismissed claims that the war in Ukraine is devastating his country's economy, citing continued growth, low debt and a more diversified economy as signs of resilience. However, several Russian business leaders have expressed concerns about the health of the economy.
Putin downplays threat of recession at Saint Petersburg Forum, points to growth in manufacturing
President Vladimir Putin has downplayed warnings that Russia’s economy is on the brink of a recession, pointing to the steady growth of the country’s manufacturing industries.
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Putin’s seizure of 147 leased civil aircraft leads to a multi billion legal victory for firms against insurance companies
President Putin Pic credit: President’s office Russia Case came as a result of action taken after Russia launched Ukrainian war An extraordinary ground breaking judgment last week which has received little publicity outside the insurance and legal world has cost the insurance industry, including Lloyds of London, billions of pounds in claims as a direct result of the current Ukraine war. At the time Russia invaded Ukraine in 2022 Russian civil a…
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