Reported 11 months ago
According to the International Monetary Fund (IMF), Russia's economy is predicted to outperform major Western powers in 2024. President Putin stated that nearly 40% of Russia's trade is settled in rubles, with the share of trade conducted in USD and EUR declining. Despite facing multiple rounds of international sanctions, Russia's economy is expected to grow faster than all developed economies, with a growth rate of 3.2% in 2024 compared to the US's 2.7% and European countries' under 1%. Russia aims to increase settlements in currencies of BRICS countries, and Putin highlighted the significance of 'friendly' nations in global economics, contributing to three-quarters of Russia's economy.
Source: YAHOO