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Putin lauds Russia’s macroeconomic stability as its major competitive advantage

According to the Russian leader, in 2022, lending to legal entities grew 14.3%, while retail lending increased 9.5%

ST. PETERSBURG, June 16. /TASS/. Russia has had an edge over competitors thanks to macroeconomic stability, Russian President Vladimir Putin said at a plenary meeting of the St. Petersburg International Economic Forum (SPIEF).

"What is important, is that the stable macroeconomic situation has become our competitive advantage and an effective driver for growth," the Russian leader said.

According to Putin, in 2022, lending to legal entities grew 14.3%, while retail lending increased 9.5%. Mortgage loan growth has been fast, too, he added, describing the trends as "quite good."

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Military operation in Ukraine

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6-magnitude earthquake rocks Argentina

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Russian prime minister says Islam is integral part of national historical heritage

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Kerimov transfers his stake in Polyus to Foundation for Support of Islamic Organizations

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Russia, China launch joint naval exercise in Vladivostok — Pacific Fleet

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Hollywood action star Jackie Chan says he loves Russia, thanks his fans

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Zelensky says Ukrainian troops in extremely difficult situation in two DPR areas

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Attempts made to provoke Hezbollah with aim of US interference in war — Lavrov

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Russia’s Emergencies Ministry sapper dies in Kursk Region during mine clearance

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UN General Assembly adopts resolution on Golan Heights — results of vote

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EU will grant loan to Kiev that will be paid from frozen Russian assets — EC president

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Russia keeps balance in relations with Muslim countries — Muslim Board

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Theft of Russian assets to nullify trust towards EU — MFA

Maria Zakharova pointed out that the European Union had lost independence

Hezbollah attacks Israeli military headquarters in Ein-Zeitim

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As many as 1,200 people evacuated from municipality in southern Russia after drone attack

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