Russian leader Vladimir Putin is attempting to portray the Russian economy as stable and growing, but the actual economic indicators suggest otherwise. Reports TCN. This information is provided by Kontrakty.UA.
This is mentioned in the report by ISW.
Putin acknowledged inflation in Russia at 9.2–9.3%, but blamed the Central Bank for poor regulation. At the same time, the current rate has risen to 21%, with a possibility of an increase to 23%.
According to ISW, Putin continues to avoid acknowledging the effects of Western sanctions and economic pressure on Russia. Specifically, he claimed that Russia remains one of the main food exporters.
"Putin asserted that Russia is capable of 'standing confidently on its own feet' in terms of its economy and noted that Russia remains one of the world's leading food exporters, conveniently omitting the ongoing illegal export of stolen grain from temporarily occupied territories of Ukraine," the report states.
ISW analysts believe that such statements aim to distract citizens from the real economic issues facing Russia.
Recall that ISW previously reported that Russia is losing the ability to effectively support the defense sector while maintaining economic stability.