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Putin Says Russia’s GDP Grew 1%, Calls It Modest

8/23/2026

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Putin Announces Growth
  • President Vladimir Putin told lawmakers Wednesday that Russia’s GDP grew 1 percent, calling the rise modest.
  • VEB chief economist Andrei Klepach was dismissed after warning that Russia cannot sustain a prolonged war of attrition, underscoring elite alarm over the conflict’s cost.
  • Deputy Foreign Minister Sergey Ryabkov said Russia will consider U.S. proposals that match Putin’s stance.
  • Moscow mayor Sergei Sobyanin warned that seizing civilian assets for war would damage the economy.
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