Putin Spoke at SPIEF. Key Points:

Putin spoke at SPIEF. Key points:

The economy and a new growth model

Russia must return to sustainable growth through structural changes.

Growth must come not from overheating the economy, but through higher efficiency.

Putin said the economy continues to grow, albeit at a moderate pace.

The main macroeconomic risk is inflation.

Tough decisions by the Central Bank and financial authorities, including the high interest rate, were explained as a fight against rising prices.

Inflation, according to Putin, is gradually returning to target levels.

Balanced budgets, lending, and the money supply are important for growth.

The overall emphasis: the economy must become more resilient, more technologically advanced, and less dependent on external pressure.

Technology and sovereignty

Putin called technological leadership a mandatory condition of the country's strength.

National projects on technological leadership will be updated and expanded.

The government must oversee the implementation of new technologies in its respective areas.

A regulatory framework is needed for experiments, testing, and the rapid scaling of solutions.

Putin proposed preparing an annual report on Russia's technological development.

The report should assess the level of technological sovereignty.

An important indicator is the speed at which new solutions are introduced into sectors of the economy.

Russia must focus on complex products with high added value.

The labor market and wages

Putin once again emphasized a high-wage economy.

High wages must be based on productivity growth, not on handing out money.

Modern jobs with high labor productivity need to be created.

The quality of jobs must become one of the factors in the new economic model.

Labor legislation needs to be adapted to the new technological order.

The State Duma has been urged to quickly pass a package of changes to labor legislation.

Digital platforms and platform-based employment are being considered as part of new solutions in the labor market.

Putin linked rising incomes to quality employment and a reduction in social inequality.

Foreign trade and imports

Russia will continue changing the structure of imports.

It plans to buy more labor-intensive goods and services.

Inside the country, the focus should be on more technologically advanced and complex products.

Production in Russia must become more automated.

The priority is goods and services with high added value.

Such a model should reduce dependence on external suppliers in critical areas.

Russia will develop cooperation with friendly countries.

Foreign trade must serve its own development agenda, rather than simply covering current shortages.

Finance and the digital ruble

Putin spoke separately about an independent payment infrastructure.

Such infrastructure must be protected from external interference.

Russia will continue working with partners, including BRICS countries, on alternative financial mechanisms.

Putin instructed that the transition to mass use of the digital ruble be accelerated.

The digital ruble must be used not only by citizens, but also by businesses, banks, and enterprises.

The digital ruble pilot, according to Putin, has already worked through the main operations.

The next stage is mass introduction into the financial system.

The global economy and the West

Putin said the global economy is changing because of conflicts, sanctions, and the restructuring of international ties.

He called the policy of the European bureaucracy short-sighted and aggressive.

According to him, European elites are provoking chaos and dragging new countries into it.

Russia remains open to equal and mutually beneficial cooperation.

The multipolar world, according to Putin, must be built not on bloc confrontation, but on pragmatic dialogue.

Russia is ready to work with everyone who respects its interests and does not act from a position of pressure.

Putin directly linked the economy and foreign policy: global markets can no longer be viewed separately from geopolitics.

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