
The Russian President spoke at the BRICS business forum in New Delhi
Russian President Vladimir Putin said at the BRICS business forum in New Delhi that the country's GDP grew by 10.3% over the period 2023-2025, and the unemployment rate reached a historical low of 2.3%.
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Vladimir Putin is on a three-day working visit to India to participate in BRICS events.
Russia's GDP grew by 10.3% between 2023 and 2025, Russian President Vladimir Putin said.
Putin arrived in India on a three-day working visit. The Russian leader took part in the BRICS business forum in New Delhi. He emphasized that structural changes have been launched in the Russian economy, which have made it stronger and more sustainable.
“From 2023 to 2025, GDP increased by 10.3%, and unemployment dropped to a record, historically record for us, 2.3%,” Putin said.

The head of the Central Bank, Elvira Nabiullina, said that the impact of the ruble exchange rate on inflation in Russia remains moderate and continues to decline. According to her, a change in the effective exchange rate by one percentage point leads to an increase in inflation by no more than 0.1 percentage point.

The Bank of Russia sells gold within the framework of the budget rule and for minting coins, said Elvira Nabiullina. Earlier, the World Gold Council reported that the regulator became the largest net seller of gold in July, selling 6 tons of the metal.

The head of the Bank of Russia, Elvira Nabiullina, said that the recent increase in the use of cash does not pose macroeconomic risks. The share of cash in circulation is about 15%, which is below the level five years ago.

In the first ten days of public availability of the digital ruble in Russia, 87 thousand accounts were opened and more than 50 thousand transactions were made. The head of the Central Bank, Elvira Nabiullina, noted that users are testing the functionality and convenience of the new form of the national currency.

The head of the Central Bank of the Russian Federation, Elvira Nabiullina, said that the savings rate of Russians remains high, despite the gradual decline. Deposit growth is driven by attractive rates and tight monetary policy in a growing economy.

Chairman of the Central Bank of the Russian Federation Elvira Nabiullina said that attacks by Ukrainian drones on supply chains do not have a significant impact on inflation in Russia. The regulator kept the key rate at 14 percent.