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Russian economic growth accelerates in first quarter

Russia launches ground offensive Kharkiv
Image: Pixabay

Russia’s economy expanded by 5.4 percent year-on-year in the first quarter of 2024, the Rosstat state statistics agency said Friday, as military spending on the Ukraine offensive boosts growth.

That was an acceleration from a rate of 4.9 percent recorded in the final quarter of 2023.

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AFP

Agence France-Presse (AFP) is a French international news agency headquartered in Paris, France. Founded in 1835 as Havas, it is the world's oldest news agency.







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