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International Business Times

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Putin Hails Russia's Strong 2024 Economic Growth

Russia Vladimir Putin Mikhail Mishustin Economic Growth Economy Ukraine Kremlin Moscow Rosstat

Putin told his prime minister to get a grip on rising consumer prices (Credit: AFP)

Russia reported strong economic growth for 2024 on Friday as record spending on the military offensive against Ukraine outweighed the impact of Western sanctions.

Moscow's massive ramp-up in outlays on soldiers and weapons has helped it defy predictions of a deep recession after it launched its military campaign in February 2022.

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