Putin Asserts Russia's Strong Role in Global Trade Despite Sanctions 🌍
Hey there, global news enthusiasts! 🌐 Russian President Vladimir Putin just made some bold statements at the St. Petersburg International Economic Forum, and we've got the lowdown for you.
Despite facing hefty sanctions, Putin says Russia remains a key player in world trade. He highlighted that nearly 40% of Russia's external trade is now conducted in rubles, moving away from the U.S. dollar and euro. 💱
He mentioned that trade with Asia is booming, and Russia is keen on boosting the use of non-Western currencies in trade settlements. In fact, they're looking to increase transactions in currencies of BRICS countries. 📈
Putin also laid out some big plans for Russia's $2 trillion economy. He wants to cut down on imports by ramping up competitive domestic production and aims to boost investment in fixed assets by 60% by 2030. 🏭
He proposed moving the headquarters of major companies beyond Moscow to other regions, hoping to spread economic development more evenly across the country. Plus, he's calling for better professional education to tackle labor shortages. 🎓
In the stock market arena, Putin's goal is to double the value of the Russian stock market by the end of the decade, aiming for it to make up two-thirds of Russia's GDP. 💹
It's clear that Russia is looking eastward and inward to strengthen its economic footing. What do you think about these ambitious plans? Let us know! 🗣️
Reference(s):
Putin says Russia remains one of the key participants in world trade
cgtn.com
