Putin says Russia\u0027s economy can cope with higher defence spending on war

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SaltWire's Atlantic regional weather forecast for October 5, 2023 | SaltWireMOSCOW - The Russian economy can cope with higher military spending to fund the war in Ukraine now and in the coming years, President Vladimir Putin said on Thursday, shrugging off the impact of Western sanctions.

Speaking at a meeting of the Valdai Discussion Club in the Black Sea resort of Sochi, Putin said Russia's economy, which shrank 2.1% last year but is on course to recover this year, had overcome challenges posed by sanctions."On the whole, we have a stable, sustainable situation. We have overcome all the problems that arose after sanctions were imposed on us and have started the next stage of development," he said.

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