Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Al Mayadeen correspondent reports more than 50 people were injured when a bomb exploded in the Mastung area of the Pakistani province of Balochistan.
Iranian Intelligence Minister Esmaeil Khatib: The assassinations were scheduled to be carried out on Saturday with the aim of stirring up national and sectarian strifes in the country
Iranian Intelligence Minister Esmaeil Khatib: A series of attempts to assassinate a number of Sunni scholars, judges, and IRGC officers was thwarted
Twin shootings in Rotterdam led to multiple deaths: Dutch police
Dutch Police: Rotterdam shooter arrested
US imposes fresh Sudan-related sanctions: Treasury Department
Dutch Police: Two were wounded in a shooting in the city of Rotterdam, southwest of the country, and the attacker is still at large
Russia halts nuclear fuel exports to US over lack of insurance: Rosatom
Russian Defense Ministry: Ukrainian drone destroyed over Russia's Bryansk region.
Nagorno-Karabakh announces cessation of existence of unrecognized republic.

Putin says 'world did not collapse due to sanctions'

  • By Al Mayadeen English
  • Source: Agencies
  • 29 Jun 2023 18:48
  • 1 Shares
  • x

The Russian President says the country's GDP "gained 5.4% in May in annual terms, from May to May" despite sanctions and Western company withdrawals from Russia.

  • Russian President Vladimir Putin delivers a speech during the plenary session of the Strong Ideas for a New Time forum, in Moscow, Russia, Thursday, June 29, 2023. (AP)
    Russian President Vladimir Putin delivers a speech during the plenary session of the Strong Ideas for a New Time forum, in Moscow, Russia, Thursday, June 29, 2023. (AP)

At the third annual forum, Strong Ideas For A New Time, organized by the Russian Agency for Strategic Initiatives (ASI), Russian President Vladimir Putin underscored that the exit of foreign companies from Russia due to sanctions has not only failed to weaken the nation but on the contrary it strengthened it.

At the forum, Putin said, "The world did not collapse due to sanctions, due to the withdrawal of Western companies," adding that "on the contrary, opportunities for Russian businessmen have expanded many-fold."

Putin explained that Russian businessmen, as a result of the ordeal, have been "proactively taking market niches becoming vacant and developing new, including export, business lines," and as a result, the head of state explained, "The entire economy is progressing."

Putin further highlighted that over 43,000 applications from various Russian businessmen have been submitted for trademark registration in five months of the year which, relative to the same time period of 2022, indicated a 35% increase.

"Meanwhile, registrations of domestic brands and the turnover of trademark rights are growing consistently. It means they are becoming more valuable assets. National entrepreneurs need to learn to more efficiently capitalize them and earn extra profits from that," Putin remarked.

Moreover, the President stressed that "the Russian GDP gained 5.4% in May in annual terms, from May to May. This is a decent figure. As regards the processing industry, growth is measured by double-digit figures there - 12.8%. The processing industry moved upward."

Putin also underscored that "this is not merely on the account of the defense industry, not only. Related industries are also on the rise, and this is amid the unemployment rate being the lowest throughout contemporary history and low inflation. This is a good result."

Related News

Libya's Haftar meets with Putin, Shoigu in Moscow

Ukraine shows readiness to strike Iran, Syria over Shahed-136 drones

Putin hails Russian troops for stopping civil war

Earlier on Tuesday, Putin told troops gathered at the Kremlin that they prevented a civil war after the June 24 attempted armed mutiny by the Wagner group and held a minute's silence for pilots killed during the latest events.

"You de facto stopped civil war," Putin told troops from the Defense Ministry, National Guard, FSB security service, and Interior Ministry. 

He addressed them inside the Kremlin's Cathedral Square, standing on a red carpet and facing men in different uniforms.

"You proved your loyalty to the people of Russia and the military oath. You showed responsibility for the fate of the motherland and its future," the Russian leader expressed.

He continued, "In the confrontation with rebels, our comrades-in-arms, pilots, were killed. They did not flinch and honorably fulfilled their orders and their military duty."

Putin considered that Wagner fighters, who were approaching Moscow before their chief Yevgeny Prigozhin called the mutiny off, did not win the support of the Russian people or its army. 

"People who were drawn into the rebellion saw that the army and the people were not with them," he said. 

In the same context, the Russian President noted that Moscow did not redeploy any soldier from the special military operation zone to counter the mutiny.

Read more: West pressuring developing countries to isolate Russia: Lavrov

  • Russia
  • Sanctions on Russia
  • Vladimir Putin

Most Read

Russia destroyed leopard tank in Ukraine with fully-German crew

Russia destroyed leopard tank in Ukraine with fully-German crew

  • Europe
  • 23 Sep 2023
Blinken’s ‘Variable Geometry’ for a New Cold War

Blinken’s ‘Variable Geometry’ for a New Cold War

  • Analysis
  • 24 Sep 2023
BBC from the front lines in Ukraine: It's bad, counteroffensive failed

BBC from the front lines in Ukraine: It's bad, counteroffensive failed

  • Europe
  • 28 Sep 2023
Zelensky joins Canadian Parliament’s ovation to WWII Nazi soldier

Zelensky joins Canadian Parliament’s ovation to WWII Nazi soldier

  • US & Canada
  • 25 Sep 2023

Coverage

All
Morocco & Libya Disasters

Read Next

All
BBC to restrict top hosts' social media usage
Europe

BBC to restrict hosts' social media for chiding anti-migration remarks

Germany, 'Israel'
Europe

Germany signs 'historic' deal to acquire Israeli-made Arrow 3 system

Secretary of State Antony Blinken speaks during a media briefing at the State Department, Tuesday, Aug. 15, 2023, in Washington. (AP)
Europe

'Never say never': Blinken on Biden-Putin meeting in the future

Plastic found in clouds may contaminate everything we consume
US & Canada

Microplastics in clouds cause 'plastic rainfall', infect everything

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS