In Russia, the government plans to grow at least 1.5 percent in the economy this year.
Russian Finance Minister Anton Siluanov said that the balance of the budget will help relax monetary policy, “although strict monetary policy, we hope the Russian economy will increase at least 1.5 % this year.” He said. Siluanov assessed the economy at a government meeting chaired by Russian President Vladimir Putin in the capital Moscow. Said that the government will start the budget evaluation in mid -February, Siluanov said that the priority in the budget will be provided to provide the necessary financial resources to achieve national development goals determined by Putin. Siluanov, in terms of strict monetary policy implemented by the Central Bank of Russia, “we contacted the central bank in Russia in the next 3 -year financial policy as well as the monetary policy. We believe that the balanced budget will support monetary policy loosening. My policy was 20 % before and finally reached 18 % by reducing 200 basic points at the meeting on July 25. The Russian government, with the war, especially in the defense industry due to the rapid increase in production in last year, the economy increased by 4.3 % overheating and said that the cooling process will begin in 2025.