Putin reported investment growth in Russia for the third year in a row

Investments in the Russian economy are growing for the third year in a row, despite all the problems created for the country from the outside. This was stated by Russian President Vladimir Putin at the plenary session of the VTB investment forum "Russia Calling!" on December 4.

"Taking into account all the difficulties, investments in fixed capital of Russian business are growing for the third year in a row. Despite all the problems we have or are trying to create from the outside," Putin said.

The head of state also said that the Russian Federation has set the task to increase investments in real terms by 60% by 2030 to the level of 2020. In 2022, investment growth amounted to 6.7%, in 2023 - 9.8%, and in the first nine months of this year, the rate of comparable - plus 8.6%.

According to the president, the Russian Federation will continue to strengthen the capital market to support the desire of businesses to invest in development, expand their own capacities and create jobs.

"I would like to note that this year alone in Russia there have been 19 primary and secondary offerings of shares, issuers were able to raise 102 billion rubles. The result is quite satisfactory, good, but on the scale of the whole country it is small," the head of state said.

The Russian President also instructed the Russian government together with the Central Bank to stimulate the demand for securities by ensuring the protection of investors' rights and information transparency of companies.

The President noted that Russia is strengthening ties with promising partners and invited investors from friendly countries to the Russian stock market. At the same time, he specified that the Russian Federation primarily emphasizes domestic sources of financing.

"We invite investors from friendly countries to our stock market as well. Russia is part of the global economy, and we welcome counter capital flows," Putin said.

VTB's XV Investment Forum "Russia Calling!" takes place from December 4 to 5 at the World Trade Center in Moscow. Its main theme is "The Future of Capital and Future Capital".

"The Russian economy has fully recovered"

Vladimir Putin's speech at the forum "Russia Calling". Key quotes

Earlier in the day, Kirill Dmitriev, CEO of the Russian Direct Investment Fund (RDIF), said that Russia is expected to see an increase in foreign investment next year. According to him, raising the interest rate is losing its effectiveness as a tool to curb inflation. Instead, it is investments that create new production, provide jobs and form long-term economic stability, said CEO of RDIF.

Also on December 4, the head of the regulator Elvira Nabiullina at the VTB forum "Russia Calling!" stated confidence in the growth potential of the Russian economy in 2025. According to her, this is the result of large-scale investments of the last three years in the modernization of this area.