Tech Insider
Economy
Vladimir Putin

Getty Images

  • Russia's economic isolation is actually good for the nation, Vladimir Putin suggested.
  • "Today, GDP is already higher than it was before the Western sanctions attack," he said.
  • He said the Russian economy is expected to grow 3.5% this year, after shrinking by 2.1% in 2022.

Vladimir Putin suggested Thursday that Russia's economic isolation is actually good for the nation, adding that it's on track to become one of the world's most prominent growth centers despite war dragging on in Ukraine.

At a business forum in Moscow, he said the Russian economy is expected to grow 3.5% this year, after shrinking by 2.1% in 2022.

"Today, GDP is already higher than it was before the Western sanctions attack," Putin said, according to Reuters.

Tags
economy, Markets, russia-economy, Russia, Putin, Moscow, russia-ukraine-war, russia-economy-outlook, western-sanctions, russian-sanctions, economic-isolation, russia-inflation, russia-budget-deficit
Source
Putin suggests Russia's economic isolation is good for the country while 'archa…