Vladimir Putin announced on Wednesday that international sanctions are aimed at Moscow for its aggression in Ukraine.can“have consequences”negative“to”medium termon the national economy, despite boasting in recent months that Russia has adapted to this new situation.
“In the medium term, the sanctions imposed on the Russian economy may indeed have a negative impact on it– warned the President of the Russian Federation during the meeting with the government broadcast on television. This is the first time that Vladimir Putin has publicly acknowledged that the rain of international sanctions affecting many areas of Russia’s activities, including the strategic oil and gas sector, is affecting the national economy.
More than a year after the start of the attack in Ukraine.unemployment is at an all-time low“, by 3.6% and “inflation will decrease from 4% at the end of March.After growing by almost 20% in the spring of last year, the Russian President said. “But that does not mean that all the problems have already been solved.“, he warned in the presence of the members of his government. “A return to a growth trajectory should not discourage us“, he later defended in a rare indictment, urging:ensure economic sovereigntyFrom Russia.
Launch new projects quickly
Vladimir Putin thus called on the government and economic leaders.to ensure the rapid start of new projects in the production branches, especially in the production of high-tech products;“, a sector that has suffered from the departure of many professionals abroad. “Our financial system must play an important role in meeting the needs of exporters. And we need to replace the western companies that were working in this niche– he asked again.
Vladimir Putin’s comments come a week after a summit in Moscow with his Chinese counterpart Xi Jinping, during which the two leaders said they wanted to “to deepen» Russian-Chinese economic relations. But many observers saw it as a sign of Moscow’s growing dependence on Beijing, whose economy has largely been driven by Russian gas and oil exports, which are targeted under Western sanctions. While these new outlets have allowed Russia to partially recoup lost markets in Europe, its reliance on Asian heavyweights actually gives China and India a strong position to negotiate lower prices.
During his speech at the Federal Assembly at the end of February, Vladimir Putin finally called on the Russian oligarchs to return their funds to Russia to support the national economy.
Source: Le Figaro
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