The president of russia ensures that the Russian economy stabilizes. Vladimir Putin has indicated that now prices are normalizing. The last data of inflation from Russia is that this shot up to 17.5% in year-on-year terms in a month and a half.
In addition, Putin points out that the unemployment It is still relatively low, but without offering new data for March, the month in which hundreds of international companies suspended their activity.
“The main negative factor for the economy in recent years has been the pressure of sanctions, one more pressure from Western countries. But the economic blitzkrieg strategy has failed. Furthermore, the sanctions have not been in vain for the The initiators themselves. I am referring to the growth of inflation and unemployment, the deterioration of the economic dynamics of the United States and the countries of Europe, the decline in the standard of living of Europeans, the devaluation of their savings,” Putin stressed. .
He added that the exchange rate of the ruble has returned to the levels of the first half of February and is now determined by a balance of payments objectively strong.
His statement comes after the president of the European Commission, Ursula von der Leyen, who in an interview with the Bild newspaper noted that “Russia’s state bankruptcy was only a matter of time.” During the interview, the president pointed out that the next sanctions will focus on the banksin particular in the Sberbank, as well as in the Petroleum.
According to data for March 30 published by the federal statistics agency, Rosstat, unemployment in Russia fell from 4.4% in January to 4.1% year-on-year in February, the lowest since 1991, although there is still no data from last month, which is when many international companies suspended their activity in the country or left the Russian market due to Western sanctions.
As Moscow Mayor Sergei Sobyanin said today, some 200,000 people in the capital alone may lose their jobs due to the closure of foreign companies.
At the end of March, Sobyanin said that around 300 international companies had ceased their activity in the Russian capital.
As for consumption, the Kremlin chief said that “after a brief boom in a number of products, and this always happens in such situations, retail demand has returned to normal.”
He also urged the government to speed up the transition to international trade contracts in rubles and the currencies of those countries that are considered “reliable partners.”