Russia requires developing a high-paying economic structure, according to Putin.

Russian leader Vladimir Putin, speaking at the Eastern Economic Forum, reveals ambitions for a government overhaul aimed at restructuring the country's economy to secure substantial income levels for its citizens.

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2025 September 14 . 3:15 AM

2 min read

Russia requires development of a high-income economic system, as stated by Putin.

Russia requires developing a high-paying economic structure, according to Putin.

During his speech at the Eastern Economic Forum, Vladimir Putin revealed the Russian government's strategic plan for the economy. The focus of this plan is to transform the Russian economy by 2030, ensuring high income levels for the population.

Putin emphasised that this goal is not populist, but has a solid economic foundation. He stated that the transformation will stimulate consumer demand, foster innovation, and enhance the overall competitiveness of the Russian economy.

The government plans to achieve this by taking several steps. Firstly, they aim to support high-tech industries, which are expected to create more qualified and high-paying jobs. Secondly, they will enhance worker qualifications through various training programmes and educational initiatives. Lastly, they will create favourable business conditions to attract investment and encourage entrepreneurship.

The development of the Far East and the Arctic, as well as the future economy, is also focused on improving the living standards and incomes of citizens. Putin stressed that this is a key priority for the government's strategic plan.

Putin further explained that the most important task in the transformation of the Russian economy is to structurally change the labor market. This means increasing the number of qualified and high-paying jobs, which will in turn lead to higher income levels for the population.

High wage levels are a key priority for the government's strategic plan, as stated by Putin. He believes that creating an economy with high wages will not only improve the lives of Russian citizens, but will also contribute to the overall success and competitiveness of the Russian economy.

The Eastern Economic Forum provided the setting for Putin's announcement of the government's plans for the economy. He addressed participants at the forum, outlining the details of the strategic plan and explaining the government's commitment to ensuring high income levels for the population.