Russian President Vladimir Putin said the country’s economy should grow faster than the global average while keeping financial stability and controlling inflation. Speaking at a government meeting on 15th September, he stressed that strong growth is key to funding projects and national programmes.

Putin called for unlocking the potential of industries and regions, strengthening foreign ties, and using advanced technologies to achieve higher growth.

He noted that efforts to curb inflation are working. Consumer price growth slowed from 8.8% in July to 8.1% in August, and Russia’s GDP rose 0.4% in July and 1.1% in the first seven months of 2025.

However, he admitted that growth has slowed compared to the 4.3% expansion seen in 2024 and questioned whether more measures are needed to boost momentum.

Putin’s remarks come after US President Donald Trump called Russia’s economy “dead” and criticised India for buying Russian oil, saying both economies would “go down together.” The comments also follow plans by the US and EU to impose more sanctions on Russia over the Ukraine war.

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