Putin made evaluations on the economy at the meeting he attended in the city of Khabarovsk, located in the far east of Russia.
Stating that he believes that the Central Bank of Russia will reduce the interest rate over time, Putin said, “I think that the current interest rate of the Central Bank is temporary and that this will change when the issues related to inflation are resolved. The bank’s step is generally aimed at combating inflation and I think we will reach the target.”
Pointing out that foreign countries are putting pressure on Russia, Putin said, “It seems that they are trying to strangle us from all sides and we are under pressure. Nevertheless, we are the largest economy in Europe. We overtook Germany and ranked fifth in the world. China, the US, India, Japan and Russia. We are the first in Europe.”
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Stating that Russia has left all of Europe behind according to purchasing power parity, Putin said that they need to work more in terms of national income per capita and that they have work to do.
Referring to the recent increase in egg prices in the country, Putin said that the authorities were late in intervening in the increase.
Noting that egg production in Russia has not decreased and consumption has increased, Putin said, “People’s incomes have increased slightly and they have started to buy more eggs and chicken meat. (Authorities) did not think to open imports on time and prices have increased. Therefore, we need to be very careful.”
