According to Putin, Russia has all the financial resources it needs to ensure its national security and development despite Western economic sanctions. In 2022, the Russian economy shrank by 2.1 percent, Putin admits. But unemployment is at historically low levels, he says.
The Russian companies have rebuilt their supply chains. The government is working with other countries to build new payment systems and financial architectures. And after Western companies withdrew from Russia, new niches were found. The decisive factor is the structural change in the Russian economy, says Putin. “Our job is to take our economy to new frontiers.”