Russian Finance Minister identifies key economic growth drivers

Russian Finance Minister Anton Siluanov identified several key drivers for the growth of the Russian economy during the G20 finance ministers and central bank governors meeting in Asheville, USA. Siluanov highlighted business platforms, automation, the application of artificial intelligence, economic streamlining, and import substitution—ranging from agriculture to high-tech products—as new areas of growth.

Siluanov also noted that economic liberalization efforts have led to a two-thirds reduction in mandatory approvals within the construction sector, contributing to growth in that industry. Additionally, Siluanov and U.S. Finance Minister Scott Bessent discussed Russian-American financial cooperation within the framework of the G20.