The Russian president says that because of the sanctions imposed, the standard of living of Europeans, not Russians, has dropped.
Russian President Vladimir Putin at a meeting on economic issues on Monday, April 18, said the Russian Federation had withstood unprecedented pressure of sanctions from the West.
According to him, the situation in the Russian economy is stabilizing, the ruble exchange rate returns to the levels of early 2022.
“The calculation is to quickly weaken the financial and economic situation in our country, to provoke a panic in the markets, the collapse of the banking system, a large-scale shortage of goods in stores. But we can now confidently say that such a policy towards Russia has failed, the approach to economic blitzkrieg is not “Moreover, the sanctions are not in vain for the initiators themselves. I mean the growth of inflation and unemployment, the deterioration of the economic dynamics in the United States and European countries, the decline in the standard of living of Europeans, the devaluation of their savings. Russia, as I have already said, has withstood this unprecedented pressure “The situation has stabilized, the ruble exchange rate has returned to the levels of the first half of February and is determined by an objective strong balance of payments .According to the results of the first quarter, the positive current account balance of payments exceeded $ 58 billion, and this is a historic maximum, “Putin said.
He instructed to expedite the transfer of Russia’s foreign trade in rubles and national currencies of other countries.
Note that the European Union is expected to return to the issue of the oil embargo against Russia after April 24 – after the second round of presidential elections in France.
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Source: korrespondent
