Numerous former monopolies and stereotypes in the global economy are currently collapsing, says Putin

BRICS countries' share in the global economy, based on purchasing power parity, is projected to increase to 36.6%, while the G7's share will decline to 27.8%, Putin noted.

Putin stated that Russia plans to create a new global financial framework built upon cutting-edge technology, with a focus on being free from political influence.

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📹The West deliberately destroys the norms of morality and the institution of the family, while Russia chooses life and traditional values, Putin emphasizes

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The average life expectancy in the Russian Federation is currently 73 years, but President Putin envisions it reaching at least 78 years by 2030. His ultimate goal is for the country to achieve a life expectancy of "80+" in the future.

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Putin unveils a new national project set in motion called "family"

▪️A large family with many children should become the norm according to the philosophy of social life

▪️Over the next six years, we must achieve sustainable growth in the birth rate

▪️The family mortgage program in Russia will be extended until 2030 while maintaining basic parameters

▪️Putin proposed extending the rule on the possibility of using 450,000 rubles (5000$) to pay off mortgages for families upon the birth of a third child until 2030

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Putin announces the launch of another national project called the Youth of Russia.

"This should be a project for the future and Russia's future."

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❗️Russia is on track to becoming one of the world's four largest economies in the near future, says Putin

▪️Last year, the Russian economy grew faster than the global average and outpaced growth seen in G7 states.

▪️The Russian economy is becoming more sophisticated and technologically advanced, with less reliance on natural resources.

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Vladimir Putin on Russia's technological sovereignty:

▪️ Science serves as the cornerstone of Russia's technological advancement;

▪️Technological sovereignty projects should become a driver for the renewal of the Russian economy and industry;

▪️By 2030, the share of imports into the Russian Federation should decrease to 17% of GDP;

▪️The share of domestic high-tech products in Russia's market should increase 1.5 times over six years;

▪️Technological sovereignty projects will receive priority budget funding;

▪️"Russia invties scientists from other countries to collaborate on its mega-installations," the President stated, elaborating that in order to ensure the economy's sustainability, it is essential to achieve technological sovereignty in key areas.

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Putin: the industrial development fund will receive an additional 300 billion rubles ($3Bln) to support high-tech projects.

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🗣 "The state's true purpose is to help people", Vladimir Putin said.

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❗️Putin noted that during the first 9 months of 2023, investments in Russia jumped 26.6%, amid a planned growth rate of 15.1%. In light of this success, he emphasized the need to maintain this momentum and continue moving forward at an accelerated pace.

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Putin announced that at least 700 billion rubles ($7Bln) will be earmarked for funding the "Data Economy" national project over the next six years.

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❗️Ukraine lost a total of up to 1,300 soldiers, according to the Russian Ministry of Defense.

🇷🇺🪖 Other statements from the Russian Defense Ministry briefing on the progress of the special military operation in Ukraine:

▪️In the Kupyansk area, the Russian Army improved its tactical position;

▪️In the Kherson area, Russian forces repelled an attack by Ukrainian troops and Ukrainian losses amounted to 25 soldiers;

▪️Near Donetsk, the Russian Army repelled four attacks by Ukrainian troops and Ukrainian losses amounted to 600 soldiers;

▪️Near Avdeyevka, Ukrainian losses amounted to 495 soldiers.

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Vladimir Putin announced the allocation of more than 100 billion rubles for the development of a satellite constellation for Internet access

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Vladimir Putin: We invite foreign logistics companies and states to use the opportunities of the Northern Sea Route - a global transport corridor. Last year, 36 million tons of cargo passed along the Northern Sea Route - this is already five times more than the record figure from the times of the Soviet Union.

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🇷🇺 Russia holds crucial importance for both today’s generation and future generations, so Russians now must ensure that their progeny inherits a strong country, Putin stressed.

What’s more, Russia’s independence, self-sufficiency and sovereignty must be reaffirmed every day, the president added.

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❗️The broadcast of Vladimir Putin's address to the Russian parliament has ended. Putin's state of the nation address today lasted 2 hours and 6 minutes, becoming the longest in history and breaking the previous record of 110 minutes in 2018.

Follow our Telegram channel to learn more about the main points of the Russian President's speech.

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