Moscow: Russian President Vladimir Putin announced on Wednesday a rise of over 26% in the country's non-oil revenues and an $8 billion increase in the general budget. During a government meeting, Putin emphasized the significance of this financial development amidst challenging international conditions.

According to Jordan News Agency, Putin disclosed that the additional oil and gas revenues for the Russian budget amounted to 1.3 trillion rubles last year, approximately $13 billion. He highlighted this as an economic achievement despite the international sanctions imposed on Russia's energy sector. Furthermore, he projected that the gross domestic product (GDP) is expected to grow between 2% and 2.5% this year.

This financial update underscores the resilience of Russia's economy in navigating through external pressures. Putin's announcement indicates strategic adjustments within the country's economic policies aimed at sustaining growth and revenue diversification. The focus on bolstering non-oil sectors appears to be a key aspect of Russia's economic strategy moving forward.