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Russian economy capable to maintain steady growth — expert

Main parameters of the macroeconomic outlook and the draft budget for 2026 are to be prepared by September, head of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin said

MOSCOW, June 29. /TASS/. The Russian economy has passed the controlled cooldown stage and has the capability to maintain steady growth, head of the Russian Union of Industrialists and Entrepreneurs Alexander Shokhin said.

"Recession is counted purely statistically; this is the decline in two quarters in succession. Nevertheless, if we achieve the planned cooldown and nevertheless record the [economic growth] figure of 2-2.5%, then we need to provide for stead growth at the level of the same 2.5%. If the Finance Ministry and the Economic Development Ministry and the government manage in general to hold this level more or less, than we can agree that the scheduled, managed and controlled contraction and cooldown occurred and steady, not very high but steady economic growth will follow. I believe we should proceed from that," Shokhin said.

Main parameters of the macroeconomic outlook and the draft budget for 2026 are to be prepared by September, he added.

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Russian companies financially stable — Central Bank chief

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Alexander Grushko noted that the European Union is morphing from a peaceful project into "something resembling a very aggressive military bloc"

Kiev sends elite units to fight in Yunakovka in Sumy region, suffering heavy casualties

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Elysee Palace initiates Macron-Putin call — Kremlin

Dmitry Peskov said that the Russian president had "repeatedly stated his willingness to engage in dialogue"

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Ukraine to stoke flames in Russia-Azerbaijan situation — Kremlin

On July 1, Azerbaijani President Ilham Aliyev held a telephone conversation with Vladimir Zelensky

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Maria Zakharova noted that, given the current global turbulence, the event is expected to feature "a tough discussion touching on all the hot button issues of today’s geopolitics"

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"Ukrainian officials appeared caught off guard by the announcement," the media outlet noted

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Russia’s Finance Ministry completes offering of federal loan bonds

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Number of injured in explosions near Zhitomir rises to 24 — official

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The Irtysh River should become international logistics route

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Russians in Azerbaijan need to exercise increased caution, prudence — Foreign Ministry

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Guterres abuses power with proposal to limit veto right in UN Security Council — Russia

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Russia takes measures to ensure its security amid NATO’s actions in Baltic Sea — diplomat

Alexander Grushko noted that the region had become a zone of intense military rivalry

Russian Red Cross helps to find over 2,600 Kursk Region residents

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Terrorist training for attack on Crocus City Hall held since June 2023

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