According to the Russian Satellite News Agency, the economic situation report released by the Russian Ministry of Economic Development showed that in April this year, the Russian economy grew by 3.3% year-on-year, showing positive growth for the first time this year. Between January and April 2023, the Russian economy shrink by 0.6%. According to the latest forecast, Russia's GDP will grow by 1.2% this year and by 2% in 2024. Russia's inflation rate is expected to be 5.3% this year.

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