29.03.2023, 15:38
Putin warned about the risks of sanctions for the Russian economy
Source: OREANDA-NEWS
OREANDA-NEWS Western sanctions against Russia could have a negative impact on the country's economy, President Vladimir Putin has warned.
"The illegitimate restrictions imposed on the Russian economy in the medium term can really have a negative impact on it," he said. In this regard, the head of state considers it necessary to work on domestic demand. "In the current situation, it is he is becoming a leading factor in economic growth, coming to the fore," the President stressed.
Putin also said that unemployment in the country now remains at a record low, but this does not mean that "all problems in the labor market have been solved." For example, the president has questions about the situation with the quality of jobs and high unemployment in certain regions of the country.
He also noted that the dynamics of citizens' incomes is a key indicator of economic development, adding that wages and real disposable incomes of the population as a whole in the country began to grow in real terms. Nevertheless, "these are still very modest figures," Putin concluded.
In mid-March, the President said that there was a slight decrease in the real incomes of the population and the level of real wages in the country. This year, the goal of increasing the real wages of Russians, according to previous statements by the government, is paramount. In 2022, the indicator was recovering too slowly, so this important task was postponed to 2023, First Deputy Prime Minister Andrei Belousov said at the end of December.
"The illegitimate restrictions imposed on the Russian economy in the medium term can really have a negative impact on it," he said. In this regard, the head of state considers it necessary to work on domestic demand. "In the current situation, it is he is becoming a leading factor in economic growth, coming to the fore," the President stressed.
Putin also said that unemployment in the country now remains at a record low, but this does not mean that "all problems in the labor market have been solved." For example, the president has questions about the situation with the quality of jobs and high unemployment in certain regions of the country.
He also noted that the dynamics of citizens' incomes is a key indicator of economic development, adding that wages and real disposable incomes of the population as a whole in the country began to grow in real terms. Nevertheless, "these are still very modest figures," Putin concluded.
In mid-March, the President said that there was a slight decrease in the real incomes of the population and the level of real wages in the country. This year, the goal of increasing the real wages of Russians, according to previous statements by the government, is paramount. In 2022, the indicator was recovering too slowly, so this important task was postponed to 2023, First Deputy Prime Minister Andrei Belousov said at the end of December.
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