Inflation in Russia is slowing while inflation throughout the European Union is surging.
RT:
Inflation in Russia has been slowing and dropped to 13.5% last week, President Putin said on Thursday at a meeting on economic issues, referring to the year-on-year rate of the consumer price index.
Putin also spoke about inflation rates across Europe, which have been on the rise over the past few months.
“By the way, in the Eurozone it is 10%, in the Federal Republic [Germany] – 10.9%, in the Netherlands – 17.1%, in Latvia – 22.4%, in Lithuania – 22.5%, in Estonia – 24.2%, I think,” Putin said as quoted by RIA Novosti, referring to official figures for September. Prices are rising, continent-wide, due to surging energy costs, among other factors.
The sanctions on Russia have totally failed. Despite this obvious fact, the EU just keeps trying to pile more sanctions on them. They’re now on their eight sanctions package.
Our sanctions are hitting Putin's system hard.
And we are determined to make the Kremlin pay for the latest steps on the escalation path.
We welcome the adoption by @EUcouncil of our eighth package of sanctions against Russia.
Learn more ↓ #StandWithUkraine
— European Commission 🇪🇺 (@EU_Commission) October 6, 2022
The sanctions aren’t hitting Putin’s system hard at all. They’re just damaging their own systems. They no longer have enough energy to sustain their own economies and have isolated themselves from the rest of the world.
