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Sanctions, no ‘rolling out carpet’ for McDonald’s, the fight against ‘bad IT habits’: Key points from Putin’s meeting on economy

By RT International

 

Russian President Vladimir Putin met with business leaders in the Kremlin on Monday, discussing the state of the economy and the effects of Western sanctions.

On Russian Entrepreneurship Day, the president thanked business leaders and their employees for driving the recovery from foreign sanctions and effectively filling the space left by corporations that chose to cut ties with Russia over the Ukraine conflict.

Fourth-largest economy in the world 

Putin noted that the Russian economy now ranks fourth globally by purchasing power parity (PPP). He credited the accomplishment to the business community and workers across the country.

According to the International Monetary Fund, Russia overtook Japan as the fourth-largest economy based on PPP in 2024, ranking behind only China, the US, and India.

Stable GDP growth 

GDP grew by 4.1% in 2023 and 4.3% in 2024 – a “solid result,” considering the “difficult conditions,” Putin said…

READ FULL ARTICLE HERE… (rt.com)

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