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Vladimir Putin: Inflation is under control in Russia


Russian President Vladimir Putin, in his evaluation of world inflation, mentioned that the rationale for the occasions was the sanctions of Western nations.

Lastly, Putin made an announcement concerning inflation in his personal nation.

Putin mentioned that the rise in costs in Russia has stopped because the second half of Might.

“Inflation is now zero”

The Russian chief, on the assembly held on financial points, “Inflation has been introduced under control. As of Might 27, it was 17.4 % on an annual foundation.

On the similar time, as of the second half of Might, the worth improve fully stopped. Inflation is now zero.” mentioned.

“There are each pluses and pitfalls”

Putin additionally famous that the authorities ought to contemplate each the constructive and unfavourable elements of this example.

In accordance with the information of TASS, Putin, “There are pluses right here. There is additionally a pitfall, for certain. You must analyze the state of affairs as fastidiously as potential and make well timed choices.” he added.

“West led to international inflation wave”

Emphasizing that the financial insurance policies applied by Western nations hurt the worldwide financial system, Putin mentioned in his earlier assertion:

“The errors and sanctions made by Western nations in the financial system have led to a world wave of inflation, the destruction of provide and manufacturing chains, and a pointy improve in poverty and meals shortages.”

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