President Putin: The West is “stuck” in the war to punish Russia

Countries The West failed in an attempt to destabilize the Russian economy with sanctions, Russian President Vladimir Putin said at a government meeting on economic issues on Wednesday.

“The situation is stable, the exchange rate ruble has returned to the levels of the first half of February and is supported by a strong balance of payments… Foreign cash is returning to the country’s banking system, and the volume of people’s deposits is increasing. As for the consumer market, after a short time rushing to buy some items… retail demand has returned to normal. Stockpiles of goods in retail chains are recovering,” – RT quoted President Putin as saying.

In general, sanctions cannot break the background, Putin noted Russian economy. “The goal of the sanctions is to quickly destroy the financial and economic situation in our country, cause panic in the market, cause the collapse of the banking system and large-scale commodity shortages. large in stores. But this policy has failed – the economic attack has run aground.

Meanwhile, according to Mr. Putin, the sanctions have had an adverse effect on the countries that imposed them, namely the US and the US. EUleading to inflation and unemployment in these countries skyrocketing, people’s living standards are decreasing day by day.

Putin acknowledged that Russians also feel the impact of sanctions on the family budget, as prices in the country in the past month and a half have increased by 9.4% and annual inflation has increased to 17, 5% on 8.4. However, the president noted, prices are showing signs of stabilizing and he pledged to take further measures to help the people.

“We need to support people, help them cope with the wave of inflation. In this regard, I would like to reiterate that we have taken the decision to increase all social payments, pensions and salaries of employees working in the public sector,” Putin said.

According to the Russian president, the restrictions imposed on the country have negatively affected businesses, further complicated the logistics of import and export deliveries and created obstacles for payment. . The President noted that in order to improve the situation, Russia needs to accelerate the transition to national currencies in foreign trade transactions.

“Maximum support should be given to entrepreneurs in solving these problems, including accelerating the transition of foreign trade transactions in rubles and in the national currencies of the countries of the trading partner. reliable business,” said the Kremlin leader.

According to President PutinThe key task of the government now is the long-term stability of the financial system at both the federal and regional levels.

Russia has faced unprecedented sanctions from the US and its allies in retaliation for Moscow’s military activity in the region. Ukraine. In less than two months, Russia became the most sanctioned country in the world. Russia says it is subject to more than 6,000 different targeted sanctions. This is more than the sanctions imposed on Iran, Venezuela, Myanmar and Cuba combined.