MOSCOW —
Russian President Vladimir Putin said
Wednesday that Russia has passed the “peak” of economic difficulties from
Western sanctions imposed over Ukraine.
اضافة اعلان
“We think the
peak of the situation has passed. The situation is normalizing,” Putin told the
Eastern Economic Forum in the Pacific city of
Vladivostok.
He pointed to
improving economic indicators, including “an unemployment rate at its lowest,
at 3.9 percent” and “inflation going down”.
Western
sanctions have targeted Russia’s energy and banking sectors in particular.
Inflation in the
country soared to a two-decade high in April. It has since slowed somewhat, but
remains high, standing at 15.1 percent in July.
“The increase in
prices still represents a certain threat,” Putin conceded, because “this
affects the standard of living and the economy” as a whole.
He admitted
there were still “problems” linked to the imposition of sanctions, “in
particular for companies that were supplied from
Europe”.
But he said
Russia’s abundance of natural resources would protect the country.
“Russia is
perhaps the only country that is capable of being self-sufficient in natural
resources,” Putin said, as “one by one, jobs and companies disappear in
Europe”.
The Russian central bank
is projecting economic contraction of between four and six percent for the
whole of 2022 and then a further contraction of between one and four percent
for 2023, before growth picks up again in 2024.
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