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
Palestinian media: Three Palestinians were killed after being targeted by Israeli drone fire in the al-Shujaiya neighborhood east of Gaza City
Nicolas Maduro: The Palestinian cause is the most sacred cause for humanity, and we propose sending teams of builders, farmers, and doctors to Gaza to help the people
Al Mayadeen's correspondent in Lebanon: IOF infiltrate Khallet Wardeh towards the municipality in the town of Aita al-Shaab, south of Lebanon.
Leaders of the United States, Egypt, Qatar, and Turkey sign a ceasefire agreement in Gaza.
Trump arrives in Sharm el-Sheikh
Israeli PM's office: PM informed Trump he would not attend Sharm el-Sheikh Summit on account of Jewish holidays.
Israeli media: Netanyahu makes last-minute decision to cancel trip to Sharm el-Sheikh.
Al Mayadeen's correspondent: Large crowds gather in Khan Younis to welcome the liberated Palestinian detainees, waving flags of Hamas and Islamic Jihad in celebration
Buses of released prisoners arrive in Ramallah
Israeli media: Netanyahu gifts Trump a "Golden Dove".

Russia elections in March, Putin labels West financial system outdated

  • By Al Mayadeen English
  • Source: Agencies
  • 7 Dec 2023 17:45
3 Min Read

The Russian president praises the country's economy despite Western sanctions that he stresses were an opportunity for Russia.

  • x
  • Russia elections in March, Putin labels West financial system outdated
    Russian President Vladimir Putin during a meeting in the Kremlin, Moscow, Russia in 2023 (AFP)

The upper chamber of Russia's legislative body officially resolved on Thursday to hold the nation's presidential election on March 17, 2024.

The resolution was passed with the stipulation that it would come into force on the date of its official publication.

Read more: Putin lands in Riyadh after UAE in a snap, one day trip to the region

Amidst these proceedings, Dmitry Peskov, spokesperson for the Kremlin, acknowledged that there have been no declarations from President Vladimir Putin regarding his potential involvement in the forthcoming election.

He further emphasized the premature nature of any discussions surrounding expectations for the election, including voter turnout, candidate participation, and vote percentages.

Russian central to ongoing global shift

In a statement made on Thursday, Putin presented a perspective of Russia emerging as a new hub of growth amidst significant global changes, pointing out that the country's economic disengagement from the West has been advantageous as the latter fell behind.

Despite facing extensive sanctions from Western nations since the start of the war in Ukraine in early 2022, Russia's export-driven economy has demonstrated a resilience that surpassed the expectations of both Moscow and its international adversaries.

Related News

Iran condemns Trump’s Knesset remarks, accuses US of hypocrisy

MENA journalists in US report heightened scrutiny since Gaza war began

Read more: Russia, Saudi Arabia call for halt to military operations in Gaza

Addressing the Russia Calling business forum in Moscow, Putin announced an anticipated growth of 3.5 percent in the country's gross domestic product (GDP) for the current year, a rebound from a 2.1 percent contraction in 2022.

"Today, GDP is already higher than it was before the Western sanctions attack," He highlighted.

Pillar to the emerging global economy

In his critique of the West, Putin underscored the robustness of the Russian economy and state finances, portraying Western sanctions as ineffective.

He remarked on the global shift, saying, "The world has entered an era of radical changes and serious tests not only for specific companies and sectors but also for whole countries and regions of the world."

Putin also emphasized that "only a strong, stable and, I stress, the sovereign country will be able to pass this phase successfully, to become one of the growth centers of the new global economy."

Read more: NATO prepping for 'high-intensity conflict' with Russia: Czech Rep.

Obsolete financial system

Noting the Western financial system as becoming technologically outdated, the Russian president said: "It has been resting on its laurels, for so long becoming accustomed to monopolies and exclusivity, to the lack of real alternatives, to the habit of changing nothing, that it is becoming archaic."

Highlighting Russia's financial stability, President Vladimir Putin pointed out that the country's state budget deficit had decreased even more in November. It reduced to 878 billion roubles (equivalent to $9.51 billion), or 0.5 percent of GDP, in the initial eleven months of the year. This figure represents a decline from the previous month's deficit of 1.24 trillion roubles.

Read more: Russian diplomat to Al Mayadeen: 'New world is taking shape'

  • United States
  • Russia
  • West
  • war in Ukraine
  • Ukraine
  • Vladimir Putin

Most Read

Palestinian journalist Saleh al-Jaafarawi in an undated image in Gaza, occupied Palestine (Social media)

Gaza Palestinian journalist Saleh al-Jafarawi killed by collaborators

  • Politics
  • 12 Oct 2025
Taylor Swift: The Life of a Showgirl

The Life of a No-Girl: The one verse Taylor Swift refuses to sing

  • Arts and Culture
  • 8 Oct 2025
Ceasefire in Gaza takes effect amid conflicting signals and bombings

Gaza ceasefire takes effect; 'Israel' resumes bombing, timing disputed

  • Politics
  • 9 Oct 2025
Illustration of fists breaking shackles, representing the liberation of Palestinian detainees from Israeli prisons. (Illustrated by: AL Mayadeen English/Batoul Chamas)

4 prominent Palestinian detainees to be freed: Who are they?

  • Palestine
  • 13 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Freed Palestinian prisoners carry rifles as they arrive in the Gaza Strip following their release from Israeli jails, outside Nasser Hospital in Khan Younis, southern Gaza Strip, Monday, October 13, 2025 (AP)
Politics

Palestinian resistance remains steadfast, victorious Larijani says

Lebanese Army Commander General Rodolphe Laffan inspecting the command structure of the 10th Infantry Brigade in Kfarskhna-Zgharta on October 13, 2025. (Lebanonese Army)
Politics

Lebanese Army chief: Israeli aggression threatens Lebanon's security

Hamas fighters escort buses carrying freed Palestinian prisoners arriving in the Gaza Strip after their release from Israeli jails, in Khan Younis, southern Gaza Strip, Monday, October 13, 2025 (AP)
Politics

154 Palestinian prisoners exiled to Egypt under exchange deal

Israeli Prime Minister Benjamin Netanyahu arrives before US President Donald Trump addresses the Knesset, Israel's parliament, Monday, October 13, 2025 in Occupied Al-Quds. (Kenny Holston/The New York Times via AP, Pool)
Politics

Netanyahu withdraws from Sharm el-Sheikh summit amid regional pushback

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