Security official: Russian economy remains stable despite sanctions, war

Russia’s economy remains stable despite sanctions, attempts at isolation, and the conditions of ongoing military operations, said Deputy Chairman of the Russian Security Council Dmitry Medvedev during the “There is a Result!” policy forum.

He noted that over the past three years Russia’s GDP has increased by more than 10%, adding that the main source of growth has not been the raw materials sector but manufacturing industries, particularly machine building, Caliber.Az reports via Russian media.

Medvedev also highlighted progress in other sectors of the economy.

“These results became possible primarily due to the resilience of the domestic economy. This cannot be denied or ignored — it has demonstrated stable development even in conditions of military action. And that was precisely, for understandable reasons, the expectation of our enemies. Despite any attempts to isolate, weaken or destroy us, our country remains strong and competitive,” Medvedev said.

He added that the foundation of Russia’s prosperity is its large, independent and self-sufficient economy. Medvedev also stated that economic issues were given significant attention in the 2021 United Russia party programme, noting that the country had to find unconventional solutions across various sectors and adjust strategies to new challenges.

By Jeyhun Aghazada