Inflation in Russia – 4%

At a gathering with the Russian Union of Industrialists and Entrepreneurs, Vladimir Putin summed up the state of the Russian economy after a year of the most severe sanctions introduced by the so-called. West after beginning the current war phase in Ukraine.

The Russian leader besides pointed out fresh directions for economical improvement to be supported by the authorities in the coming years.

Inflation repeatedly lower than Polish

According to authoritative data, inflation in Russia in March was 4% annually. Of course, it is simply a value many times lower than the same indicator on so-called. West.

According to Vladimir Putin, a 5% increase in turnover in the Russian retail marketplace is expected for April. This is possible thanks to low inflation, labour marketplace stableness and consistent wage growth.

Who under individual digs...

The Russian president reported that it was possible to replace the blocked markets of another countries, which did not separate themselves from Russian partners by any sanctions. In 2022 abroad trade turnover increased by 8% compared to the erstwhile year.

The economical situation in a number of Western countries is completely different. Putin quoted a proverb in this context – “who digs under someone, the same falls into them”. Many experts have already pointed out the unexpected advanced resilience of the Russian economy to external pressures and pressures.

Responsible business

According to Putin, the Russian economy is moving on to a fresh model. The changes introduced are qualitative and fundamental, but alternatively evolutionary and reactive.

Economic activity is to be based on abandoning the current scheme, according to which a large part of Russian GDP was exported to taxation havens and small was thought of investing in Russia itself. According to the Russian leader, the time has come for liable business, which will invest its surplus in public infrastructure facilities and social projects, primarily at local and regional level.

MP