The trend has largely been driven by non-resource sectors, the president has said The Russian economy is growing more quickly than those of other major global powers and is doing so without a reliance on oil and gas, President Vladimir Putin said on Friday. Speaking at the plenary session of the St. Petersburg International Economic Forum (SPIEF), Putin noted that Russian GDP expanded by 3.6% last year, bouncing back from a 1.2% downturn amid Ukraine-related sanctions in 2022. This year the economy has continued to expand, the president stated. “For the first quarter of this year, growth reached 5.4%. That is, ou
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