Assistant to the Russian President Maxim Oreshkin outlined the trends of the Russian economy in the current year, and talked about relations with the West under sanctions and strategic cooperation with China.
In a speech during his participation in the “Knowledge Marathon” event today, Tuesday, the Russian official said: “If the West wants to resume economic cooperation with Russia, it will be questionable because we already know the price of that.”
Regarding Western companies withdrawing from Russia, Oreshkin said: “Many Western companies have publicly announced that they will leave Russia, but they are now trying to bring their equipment and products into the country.”
He added, “Russia is a huge market for Western companies. Leaving Russia is a very painful story for them, but it is an opportunity for our companies.”
Here are Oreshkin’s most prominent statements:
– The Russian budget will achieve a surplus this year
The Russian economy has entered a positive path since July 2022, and its GDP will grow by 1%-2% by the end of 2023.
Russia’s trade volume with Europe decreased, but it increased with other countries where there are prospects for growth.
China has overtaken the European Union in terms of trade with Russia.
– Europe’s well-being depended on cooperation with Russia and China and is now losing prospects for many years.
– The level of social inequality in Russia has decreased in recent years and this trend will continue.
Annual inflation at the end of April will be 2.5%.
– Real wages in Russia in April 2023 will grow by 10% in annual terms.
This article was originally published by RT.