Russia’s Economy to Outpace Global Growth with Focus on Fiscal Stability, Technology, and Foreign Partnerships: President Putin
September 16, 2025 — In a recent conference addressing key financial issues, Russian President Vladimir Putin expressed his determination for Russia’s economy to grow at a pace surpassing global averages. During his address, Putin highlighted the critical role of fiscal stability and proactive implementation of government initiatives in achieving robust economic performance.
"It is obvious that the stability of public finances, the implementation of planned projects and programs directly depend on the state of affairs in the Russian economy," said Putin, emphasizing that the nation’s primary objective is to secure the necessary growth rates to sustain economic development.
The Russian President underlined the importance of unlocking the full potential of domestic industries, regional strengths, and territories. He further advocated for strengthening ties with international partners, prioritizing the introduction of cutting-edge technologies, and venturing into promising sectors within the modern economy.
"Our economy should strive to outpace the dynamics of the global economy by revealing the own potential of industries, regions and territories, developing ties with foreign partners, through the widespread introduction of advanced technologies, and mastering new promising areas of the modern economy," Putin elaborated.
Putin conveyed these insights during a virtual BRICS summit hosted by Brazil in September 2025, where cooperation among member nations on trade, finance, investment, and economic collaboration was a central theme. The Russian Embassy in India reported that discussions were focused on navigating the current global economic climate with aligned strategies.
India’s External Affairs Minister, S. Jaishankar, who represented Prime Minister Narendra Modi at the summit, stressed the group’s role in stabilizing the international economy. Jaishankar urged BRICS nations to address the repercussions of ongoing global conflicts on developing countries, often referred to as the Global South, and to push for meaningful multilateral reforms. This stance highlights the shared economic priorities and the collaborative vision among BRICS countries.
The aspirations voiced by President Putin come amid a complex global economic landscape marked by geopolitical tensions, rapid technological advancements, and shifting trade patterns. Russia’s emphasis on fiscal discipline, innovation, and international engagement signals its strategic approach to ensuring sustainable growth and bolstering its economic resilience.
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