"Russia's Economic Development Ministry estimates that GDP in February 2024 was 7.7% year-on-year [more than] a year earlier, after 4.6% [increase] year-on-year in January," the ministry said in a report.
The ministry also noted that, in monthly terms, Russia's GDP grew by 0.2% in February alone, excluding the seasonal factor. "Compared to the same month in 2022, the GDP increased by 4.7% (and by 2% in the month of January)", the report also said.