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
Russia to expand Islamic banking rollout
Demand for Sharia-compliant financial products is growing, according to Russia’s largest lender, Sber. Russia is seeking to expand a pilot...
Potato futures are soaring – should the world be worried?
Disruptions to shipping through the Strait of Hormuz have triggered warnings of a global food crisis The US-Israeli war on...
UK business chiefs unite to combat workplace antisemitism as Met chief warns jews ‘not safe’ in London
Britain’s biggest business organisations have closed ranks against a wave of antisemitism sweeping the country, with 40 trade bodies and...
JCB chairman Lord Bamford warns ministers face public revolt over £333bn welfare bill
The billionaire chairman of JCB has warned that ministers risk provoking a public revolt over Britain’s spiralling £333.7 billion welfare...
Treasury orders review into bank branch closures as small firms count the cost
Ministers have set the high street banks on notice. The Treasury has commissioned an independent review into the impact of...
Hertfordshire Pharma lands £2.3m Saudi contracts after UKEF steps in to plug working capital gap
For most small and medium-sized British exporters, the painful moment is rarely the order itself. It is the phone call...
