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Russian Economy Beginning to Develop According to New Model: President Putin

© AP Photo / Vitaliy BelousovRussian President Vladimir Putin delivers a speech
Russian President Vladimir Putin delivers a speech  - Sputnik India, 1920, 16.03.2023
MOSCOW (Sputnik) - Russia's economy is beginning to develop in accordance with a new model, Russian President Vladimir Putin said on Thursday.
During his address to the annual Congress of the Russian Union of Industrialists and Entrepreneurs, the leader noted the active and creative position of the union, which is especially in demand now.
"It is always in demand, of course, but now, due to well-known circumstances, especially when the Russian economy is acquiring a fundamentally different quality, it is starting to develop according to a new model, which was recently mentioned in the message to the Federal Assembly," Putin said.
What's more, inflation in Russia by the end of March will be lower than in European countries, which are waiting for the collapse in the Russian economy, Putin noted.
A decline in the Russian economy in the summer of 2022 was connected to sanctions against Moscow, the president said, noting that the Russian economy has been growing since July 2022.

78% of Russians Trust Putin: Poll

The level of confidence in Russian President Vladimir Putin has not changed significantly over the past week, with 78% of Russians trusting him and 81% viewing his performance positively, a poll conducted by Russia's Public Opinion Foundation (FOM) showed last month.
Russia's President Vladimir Putin delivers his regular address to the Federal Assembly on 21 February 2023. - Sputnik India, 1920, 21.02.2023
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A similar poll conducted by FOM from February 6-12 showed that Putin was trusted by 79% of Russians, and 76% evaluated his professional performance positively.