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…
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