“We see this above all when looking at the sharp rise in inflation in Europe, approaching 20% in some countries,” he said.
According to Putin, “it is clear that (…) the continuation of the obsession with sanctions will inevitably lead to the most difficult consequences for the European Union, for its citizens.”
“For its part, Russia faces external challenges with confidence thanks to its responsible macroeconomic policy in recent years, as well as systemic decisions aimed at strengthening its economic sovereignty and its technological and food security,” the Russian president assured.
He also welcomed the “gradual” slowdown in inflation after it shot up to 16.7% in March, as well as the strengthening of the Russian currency.