Russia no longer a ‘gas station’ for the rest of the world – Putin
The country’s economy is becoming self-sufficient in every aspect, according to the Russian president
It is crucial for Russia to become sovereign and independent in every sense of the word, including economically, President Vladimir Putin stated on Friday.
Speaking to members of the Civic Chamber, a social body tasked with consulting the government on policymaking, the president noted that Russia has become increasingly self-sufficient.
“That’s when we now turn into a country where processing production already accounts for 43% of the economic growth structure, when we cease [to be] as they once told us… ‘a gas station’, and not an economy,” Putin said.
The president emphasized that the Russian economy should be “self-sufficient in key components that would allow the country not only to survive, but also thrive.”
He added that this would ensure fewer people are willing to exclude Russia from international organizations.
For more stories on economy & finance, visit RT’s business section
More Stories
Consumer confidence records biggest non-pandemic fall since 2016
Consumer confidence in the UK fell by 11 points in October, the largest monthly decline outside the pandemic since the...
IoD backs Government red tape cuts but urges care over cumulative load
The Institute of Directors (IoD) has backed the Government’s objective of reducing regulatory burdens on business, after ministers today announced...
Getting to know you: Nick Smith, partner, Manifesto Growth Architects
Nick Smith is co-founder and partner of Manifesto Growth Architects, the London growth consultancy that helps leaders build sustainable, customer-led...
Why team cohesion is a business priority, not a nice-to-have
For UK businesses managing hybrid working, changing priorities and pressure to retain skilled employees, team cohesion is an important part...
Europe’s tobacco reform must break the cycle of industry influence over illicit trade
As Brussels progresses its regulatory overhaul for cigarettes and novel nicotine products, Big Tobacco lobbying is intensifying, revealing the industry’s...
Smarter Video Projects: How to Edit, Compress, and Share Videos Online
The right workflow may make all these easier, even for those who do not have any video editing skills. Clideo...
