Putin on Friday cited positive data points to laud Russia's economic health and said surging defense spending was needed to boost national security.
Speaking at the plenary session of Russia's flagship St Petersburg International Economic Forum, Putin said the public finances were generally balanced despite the $42 billion deficit so far this year.
Russian President Vladimir Putin gives a speech at a plenary session of the Saint Petersburg International Economic Forum in Saint Petersburg on June 16, 2023.President Vladimir Putin on Friday cited positive data points to laud Russia's economic health and said surging defense spending was needed to boost national security, as Moscow grapples with the cost of fighting in Ukraine.
Analysts and data, however, suggest that slumping energy revenues and soaring military spending have played a key role.
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