Wow. Is Russia The Good Guys now?
• Vladimir Putin addressed the 28th St Petersburg International Economic Forum with the theme "Shared Values: The Foundations of Growth in a Multipolar World," attended by leaders from Indonesia, Bahrain, China, and South Africa
• Russia's economy has demonstrated resilience with GDP growth exceeding 4% annually over two years, driven by non-oil-and-gas sectors including agriculture, manufacturing, construction, logistics, and IT, marking a structural shift away from commodity dependence
• Key economic priorities outlined include transitioning to a high-wage economy through improved labor productivity, achieving balanced growth with moderate inflation and low unemployment, and creating conditions for citizens to realize their potential in the labor market
• Russia aims to increase investment in fixed capital by 60% by 2030 compared to 2020, improve business climate to rank among top 20 globally, and boost research and development spending to 2% of GDP with doubled private sector investment
• Structural transformation focuses on five areas: employment patterns, investment climate quality, technological advancement, foreign trade diversification, and integration of defense and civilian economic sectors
• Russia advocates for a multipolar world order based on mutual respect and sovereignty, proposing a new global growth platform free from neo-colonial practices and focused on balanced development benefiting all nations
• BRICS countries now account for 40% of global economy compared to 20% in early 21st century, with Russia inviting partners to shape new development model emphasizing consensus, parity, and openness
• Putin addressed Ukraine conflict, stating Russia seeks recognition of territorial realities while maintaining openness to negotiations, attributing responsibility to Western powers' refusal to accept
Summarized via Contex.st
Plenary session of St Petersburg International Economic Forum • President of Russia
http://en.kremlin.ru/events/president/news/77222
Shared via https://contex.st
