Russia’s President Vladimir Putin has ordered a ten percent increase in pensions and minimum wages in the fight against the flagging economy. The head of state was reacting to runaway inflation, which rose to 18 percent last month. In Russia, too, prices have skyrocketed due to a whole chain of sanctions imposed by the West. Putin acknowledged that 2022 would be a difficult year for the Russian economy. He denied that this had anything to do with the Ukraine war. Experts assume that poverty in Russia will increase by 13 percent this year. Meanwhile, the Russian central bank has eased its monetary policy. The key interest rate will be reduced by 3.0 percentage points to 11.0 percent; At the end of February it was 20 percent.
Russia – Putin fights for economy – economy
