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Russian President Vladimir Putin's address to the Federal Assembly

Russia’s economy, public administration stronger than West anticipated — Putin

The president explained that the economic situation was stabilized due to the collaboration of the government, parliament, the Bank of Russia, Russian regions, the business community, and corporate teams

© Sergei Savostyanov/TASS

MOSCOW, February 21. /TASS/. The Russian economy and management system proved to be more stable than projected in the West, Russian President Vladimir Putin said on Tuesday in his annual address to the Federal Assembly.

"The Russian economy and governance system proved to be far more stable than the West had anticipated," Putin said.

He explained that the economic situation was stabilized due to the collaboration of the government, parliament, the Bank of Russia, Russian regions, the business community, and corporate teams.

He recalled that a package of measures to help business and the economy totaling almost 1 trillion rubles ($13.37 bln) was launched in March 2022.

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