Jakarta, June 21 -- President Vladimir Putin stated that Russia's economy is no longer reliant on the oil and gas sector as over the past two years, Moscow has generated more income from such sectors as agriculture, industry, public works, and information technology.

Speaking at the St. Petersburg International Economic Forum (SPIEF) on Friday, Putin explained that Russia's annual GDP growth rate of four percent is now primarily driven by sectors outside oil and gas.

"Russia's non-oil-and-gas GDP growth reached 7.2 percent in 2023. In 2024, it grew by 4.9 percent-almost five percent. These figures are more convincing and grounded than general GDP data," Putin, who shared the same stage as Indonesian President Prabowo Subianto, stated. ...