“In general, we can say that the restoration of the Russian economy has been completed. We withstood absolutely unprecedented external pressure, the sanctions onslaught of some ruling elites in the so-called Western bloc, some ruling elites in certain countries, which we call unfriendly," Putin stated at a meeting on the planning of the federal budget for 2024.
Moreover, Russia's GDP growth may amount to 2.5-2.8% by the end of the year, the president stressed.
"Initially, some negative figures were forecast for us, but then the forecast was corrected and 1.2% [of GDP growth] was expected, but in fact we have already exceeded this level, and by the end of the year the GDP growth may reach 2.5%, even maybe more – 2.8%," Putin noted.
The country's GDP has reached the level of 2021, and now it is important to create conditions for further stable long-term development, the president added.
Furthermore, Russia’s oil and gas revenues in July-August have recovered the level of last year, while non-oil and gas revenues have significantly exceeded last year's figures, according to the president.
"It is important that non-oil and gas revenues are significantly higher than last year’s figures. Besides, oil and gas budget revenues in July-August recovered approximately to the level of last year, and active growth continues, considering the situation on the world market," Putin clarified.