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Russia's Growth Secret Lies in Choosing Right Way Over Past 2 Years, Cameroonian Finance Expert Says

© Getty Images / Javier GhersiEconomy chart: up arrow, cash ruble bills and stock market indicators
Economy chart: up arrow, cash ruble bills and stock market indicators - Sputnik Africa, 1920, 20.12.2024
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Over two years, Russia's economic growth has been about 8%. The country ranks first in Europe and fourth in the world in terms of economic performance, President Vladimir Putin stated during a direct line combined with a press conference held on Thursday.
The secret of Russia's economic growth is the right path chosen over the past two years, Cameroonian financial expert Jean Rene Ndouma told Sputnik Africa, commenting on Russia's economic indicators announced by the Russian leader at his main annual press conference.
In the face of sanctions imposed by the West "unfairly, illegally and even inhumanely," Russia has decided to rebuild, diversify its partnerships, and strengthen partnerships with China, India, Iran and North Korea, the expert explained.
Russia has many natural resources and thus cannot help but "see its economy improve with this diversification of partnerships, with monetary and financial reforms, and obviously with the new dynamics of these relationships in Africa," Ndouma emphasized.
Trade (illustrative image). - Sputnik Africa, 1920, 11.11.2024
Trade Turnover Between Russia and African Countries Has Reached Historic High of $24.5 Billion
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