After a meeting of Russia’s State Council on Thursday, Russian President Vladimir Putin recognized the role played by government, business and other economic sectors in contributing to the stability of the country’s economy.
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Regarding macroeconomic indicators and GDP volume, Putin told the press that “Russia is showing much better results than many G20 countries and consistently proving it.”
In this regard, the President raised the much-predicted catastrophe for the Russian economy as a result of sanctions against the country following its special military operation in Ukraine.
Putin said such a plan had failed, citing the stability of the Russian labor market and state finances. “This is the result of the work of the government, regional teams, companies and the general spirit of society,” Putin said.
Russian President Putin:
�� “Inflation will be just over 12 percent this year. And I think that’s a lot better than many other countries, including the G20 countries.” pic.twitter.com/DlOaO9wfAl
— TRHaber Economics (@economic_trhaber) December 22, 2022
Russian President Putin: “Inflation will be just over 12 percent this year. And I think that’s a lot better than in many other countries, including the G20 countries.”
He commended the unity and commitment to cooperation with which Russia was able to confront the economic war unleashed by the West and European allies.
On this occasion, the Russian President also referred to the economic situation in Europe and the hostile attitude towards Russia. Putin mentioned the nine rounds of sanctions the European Union has decided against the country so far, as well as ongoing efforts to restrict trade in Russian fossil fuels.
According to Putin, such a policy is nothing but suicide for the bloc’s economy, which has led to the current energy crisis in the region. For its part, Russia remains confident of achieving all of its goals, Putin said.
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