Russian President Vladimir Putin issued instructions to the government and the Russian Central Bank to put achieving “sustainable economic growth” and “slowing inflation” at the top of their goals, stressing the importance of maintaining general financial stability in Russia.
During a meeting to discuss economic issues, Putin stated that the Russian economy is achieving remarkable growth despite the difficulties, but curbing rising prices represents the biggest challenge currently to ensure maintaining the purchasing power of citizens.
The Russian President also ordered strengthening cooperation between fiscal and monetary policies, and increasing the volume of investments in the productive and technological sectors, while giving priority to supporting local production as a basic solution to confront the effects of inflation and achieve “economic sovereignty.”
