❗President Vladimir Putin’s key statements on Russia’s economic policy:

▪Real wages in Russia increased by 6.3% in the first quarter of the year

▪The Central Bank's high key rate is a deliberate decision to maintain macroeconomic stability

▪The situation in the Russian banking system is stable with bank profits on the rise

▪The President considers the stability of Russia's economic policy crucial, noting that it helps attract foreign investments

▪The cycle of several major investment projects in Russia has been completed, and a new cycle needs to begin

▪The government and the Central Bank are in constant dialogue, their views are never fully aligned, which is normal

▪Russia's GDP growth over the past three years has significantly outpaced the European average;

▪Putin considers the enhanced role of parliament in forming the Russian government to be highly important

▪Flooding the Russian economy with liquidity while expecting no impact on inflation is a dangerous approach.

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