Russian President Vladimir Putin stated that getting rid of dependence on the dollar has become inevitable, saying that his country is dealing with pressure from the West correctly, and the indicators of various sectors show that the economy is moving towards growth thanks to the set of measures taken. he does. , He said.
Putin added: Inflation in Russia decreased to 14.1 percent in early September and there are indications that it will decrease to 12 percent.
In response to sanctions imposed by the West against Russia following its “military operations” in Ukraine, Moscow is trying to eliminate the dollar in energy sales with some Asian countries such as China and India.
Russia’s economy shrank by 4 percent in the second quarter of the year, the first figure to cover a full quarter since the start of Russia’s war against Ukraine.
Russia recorded a significant increase in GDP in the first quarter of 2022 and in the last three quarters of 2021.
Russia has been under a wide range of sanctions since its military operation in Ukraine, which began on February 24. These sanctions included the isolation of some Russian banks from the SWIFT international money transfer system and the widespread withdrawal of foreign companies.
Inflation hit a 20-year high in April, then eased, but remains high, reaching 14.3 percent year-on-year in August.
Source: Lebanon Debate
