“Sanctions were not without costs for the initiators themselves,” said the Russian President, referring to the “deteriorating economic momentum in the United States and European countries.”
Support the 247 ICL
sputnik The West’s attempt to collapse the banking system and create product shortages in Russia through sanctions has failed, Russian President Vladimir Putin said on Monday.
Not to mention the deterioration in the material quality of life of European citizens, the Russian president said at a meeting.
Everything was designed to “quickly weaken the financial and economic situation in our country and cause panic in the markets, the collapse of the banking system and major shortages of goods in stores. But it is safe to say that such a policy towards Russia failed “Putin said at a meeting on socioeconomic issues.
CONTINUE AFTER THE ADVERTISEMENT
The Russian President stressed that “the economic blitzkrieg strategy had failed”.
CONTINUE AFTER THE ADVERTISEMENT
“Moreover, the sanctions were not without costs for the initiators themselves, I am referring to the increase in inflation and unemployment, the deterioration in economic dynamics in the US and European countries, the drop in the standard of living of Europeans and the devaluation of their savings. As I said, Russia has resisted this unprecedented pressure. The situation is stabilizing,” Putin noted.
The Russian leader called on the government to further expand its program of emergency measures to counter Western pressure, including accelerating the transition to foreign trade in rubles and the currencies of Russia’s trading partners.
CONTINUE AFTER THE ADVERTISEMENT
“The restrictions imposed on Russia by hostile countries undoubtedly affected the possibilities of our business, complicated delivery logistics in export and import and created obstacles to payment. It is necessary to help entrepreneurs to solve these problems, in particular by accelerating the transition from foreign trade to settlement of payments in rubles and in local currencies of countries that are trusted trading partners,” he said.
Russia managed to reach a current account balance of more than $58 billion (about R$272 billion) in the first quarter of 2022, which is “an alltime high,” Putin said.
Moscow and the EU are currently at odds over payments for future gas supplies, as Brussels rejected Moscow’s demand for ruble payments. The Kremlin says currencies like the dollar and euro have been compromised by sanctions and that Russia will not give gas away for free.
CONTINUE AFTER THE ADVERTISEMENT
Subscribe to 247, support by pix, Subscribe to TV247not channel Cortes 247 and look:
https://www.youtube.com/watch?v=UbBzWiPFBI
CONTINUE AFTER THE ADVERTISEMENT
Knowledge sets you free. Learn more. Follow us on Telegram.
To you who have come this far Thank you for appreciating our content. Unlike corporate media, Brasil 247 and TV 247 are financed by their own community of readers and viewers. You can support TV 247 and the Brasil 247 website in a number of ways. You can find out how at brasil247.com/apoio
supports the 247