According to the report of the Federal State Statistics Service (Rosstat) ‘On the Socio-Economic Situation of Russia’, the metallurgical production index in the Russian Federation for March 2025 was 97.9% year-on-year, down from 97.2% in the first quarter. Production of unalloyed steel in ingots/other primary forms and semi-finished products in March decreased by 4.4% year-on-year to 4.8 million tonnes, with an 8.6% improvement on the previous month. YTD production was down 2.6% to 13.8 million ...

"Russia is the forth-largest economy in the world by size, based on purchasing power parity. China is the first place, followed by the United States, then India, and then Russia," Mr. Putin said. He noted that: "all other countries, including Japan, Germany and so on, are going lower."