03.07.2026, 17:30
The head of VTB called the Russian economy stable
Source: OREANDA-NEWS
OREANDA-NEWS The Russian economy is stable, and measures to combat inflation are successful, said Andrey Kostin, head of VTB.
"Despite the low growth rates, our economy is stable and dynamic," Kostin said at a meeting with Russian President Vladimir Putin.
The head of VTB also added that the fight against inflation in Russia is going well, and there is also a "prospect" of lowering the key interest rate.
According to the forecast of the Bank of Russia, in 2026 the Russian economy will grow at a moderate pace in the range of 0.5-1.5%. The Ministry of Economic Development forecasts GDP growth of 0.4%.
"Despite the low growth rates, our economy is stable and dynamic," Kostin said at a meeting with Russian President Vladimir Putin.
The head of VTB also added that the fight against inflation in Russia is going well, and there is also a "prospect" of lowering the key interest rate.
According to the forecast of the Bank of Russia, in 2026 the Russian economy will grow at a moderate pace in the range of 0.5-1.5%. The Ministry of Economic Development forecasts GDP growth of 0.4%.
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