Russian Putin: Demand and inflation are normalizing

Putin puts a positive spin on the Russian economy. For what it’s worth, he says:

  • Western sanctions have led to a deterioration of the economy in the West
  • The ruble has stabilized
  • Forex cash flows back to Russian banks
  • Retail demand in Russia has normalized
  • Inflation in Russia has stabilized
  • Unemployment in Russia is low
  • Central bank rate cuts will make lending in the economy cheaper
  • The budget should support the liquidity of the economy


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