Russian and Ukrainian memorandums on conflict resolution are “diametrically opposed,” said Vladimir Putin

The Minister of the Economy. Furthermore, Maxime REVENIKOV, warned Thursday, June 19, that Russia was “On the edge” of the recession if the state did not take the right ones “Decisions” in the coming weeks. Moreover, Two days earlier. In addition, Vladimir Putin’s economic advisor, Maxime Orechkine, had estimated that the Russian growth model, implemented in emergency since 2022 to take the shock of sanctions, was ” exhausted “ And had to be redesigned.

“Some specialists and experts show the risk of stagnation and even a recession. Consequently, We must in any case allow it ”replied on June 20 Vladimir Putin. Moreover, during a speech at the Economic Forum in Saint Petersburg.

If the Russian economy had shown in 2023. 2024 unexpected resilience in the face of the russian ukrainian memorandums conflict resolution sanctions taken by the Westerners since the Russian invasion in Ukraine, growth has slowed down in the first quarter to 1.4 %. its lowest level in the first three months of 2023, according to official figures, and the prospects are less good than last year.

Heavy public investment in the military-industrial complex to support the Russian army no longer stimulate the economy. “The general growth of GDP is far from being linked only to the military-industrial complex. as some believe”underlined the Russian president in Saint Petersburg. “Yes. of course, the military-industrial complex has played its role here, but we must continue to closely monitor the structure of this growth”he continued.

And the Russian head of state to affirm that. in the past two years, growth has been drawn in particular by the“Agriculture, industry as a whole, construction, logistics, the field russian ukrainian memorandums conflict resolution of services, finance and the internet technology industry”.

This question of the revival of activity has been the subject of a pass of arms between the government. the Central Bank of Russia (BCR). For several economic players of weight. the manager is all found: the boss of the BCR, Elvira Nabioullina, which carries out a very strict monetary policy, with a very high key rate, to 20 % (lowered from a point in early June), to fight at all costs against inflation, which still borders on 10 %.

Which is not (or more) of the taste of employers and certain ministers of the economic block. “It’s time to drop” The key rate, supported the Deputy Prime Minister, Alexandre Novak. Responsible within the government of the important energy file. he warned against the risk of “Miss the right moment”when he described russian ukrainian memorandums conflict resolution the current situation of “Painful”.