ST. PETERSBURG (Pakistan Point News / Sputnik - 16th June, 2023) Russia has every opportunity to develop supply-side economics, President Vladimir Putin said on Friday during his address at the St. Petersburg International Economic Forum (SPIEF).
According to Putin, Russia needs a proactive economic policy, a transition to a sovereign economy that not only takes into account demand, but also forms it itself.
"Such an economy, it is often called a supply-side economy, involves a large-scale build-up of productive forces and services, the widespread strengthening of the infrastructure network, the development of advanced technologies, the creation of new, modern industrial capacities and entire industries ... But the possibilities for this - scientific opportunities, creativity - we, of course, have," Putin said.
The SPIEF is taking place from June 14-17. RIA Novosti, a part of the Rossiya Segodnya media group, is an official media partner and the host photo agency for the event.
