Russian President Vladimir Putin said on Monday that the process of de-dollarization of the Russian economy is “inevitable.”
He made the remarks at a meeting in Moscow with the government.
Putin suggested discussing Russia’s budget for the next three years, which has to be focused on development, implementation of major infrastructure projects, and stimulating economic activities.
Putin stressed that Russia confidently copes with external pressure that he calls “financial and technological aggression by some countries.”
The Russian government is now forecasting a 2.9% contraction in Russia’s GDP for 2022, an improvement on its August prediction of a 4.2% annual decline.