He said that in 2023, the Russian economy grew at a rate higher than the world’s, surpassing all G7 countries in this indicator.

“Today Russia is the largest economy in Europe in terms of gross domestic product at purchasing power parity and the fifth largest in the world.

The pace and quality of growth allow us to hope and even claim that in the near future we will be able to take another step forward - we will become one of the four largest economic powers in the world,” Putin said.

Putin previously reported that Russia's gross domestic product in 2023 grew by 3.6%.