Russian leader Vladimir Putin reiterated how the West’s economic blitz against them has failed at a public event today.
RT:
The Russian economy is currently stabilizing and turning to a growth path, President Vladimir Putin said on Monday at an economic meeting, citing monthly dynamics of key macro indicators.
According to Putin, the country has managed to tackle inflationary pressure and prevented the economy from entering a severe economic slump.
“Russia is confidently coping with external pressure, and financial and technological aggression from some countries. The tactics of economic blitzkrieg, the onslaught they were counting on, did not work,” he said, adding that contraction of the nation’s economy has slowed to 4.3%, while economic activity is growing.
Putin highlighted that the rate of inflation dropped to 14.1% after reaching its peak in April, adding that further decline to about 12% is expected by the end of the year. He added that unemployment in the country is at an historic low of 3.9% in May-July, while contraction in the industrial sector in July totalled 0.5%.
According to Putin, the process of de-dollarization of the Russian economy is inevitable.
There is no denying that Russia is in a much stronger economic position than the West. Russia has all the energy they need and their economy will continue to function and grow. They’ve also managed to delink themselves from the West’s financial systems without tremendous difficulties. Europe meanwhile is in the midst of an economic collapse as they no longer have the energy the need to operate their economies.
Putin just needs to put an end to the continuing conflict in the Ukraine. If there’s any criticism I have of Putin it is that he’s been too soft in trying to minimize civilian casualties. He’s dealing with an enemy of Jewish lunatics who have no issue shelling nuclear reactors and they need to be treated accordingly. I’m hoping the reported strikes on the Ukrainian electrical grid the other night is a sign that he’s taking the gloves off.
