Moscow-Sana
Russian President Vladimir Putin confirmed that Russian industrial production has returned to last year's levels, and inflation in the country has fallen to 13.5 percent, pointing out that the country's economy is growing and meets the needs of requirements and internal consumption.
During today's meeting on Russian economic issues, which was reported by Russia Today channel, Putin stressed the importance of flexibility in the Russian economy to face the sanctions imposed on Russia, noting that the level of sales in Russia increased during the month of September, and the situation of the Russian Central Bank in general is "stable." The automotive and mining industries are recovering and there are good signs in the agricultural and construction sectors.
Putin added: Industries focused on exporting to Europe are still under pressure, as moving to other markets needs more time.
Putin pointed out that the countries that gave up supplies of Russian gas and refused supplies of Russian oil and minerals are now forced to pay larger sums for those resources and to secure them themselves.
The Russian Prime Minister Mikhail Mishustin confirmed earlier today during the meeting of the Caspian Sea Economic Forum in Moscow that the Russian economy has proven its ability to adapt to challenges, especially Western sanctions.
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