The current fiscal situation poses no risks to macroeconomic stability, according to the president
The Russian government and the central bank should make more active use of all the tools they have to reduce financial market volatility, President Vladimir Putin said on Tuesday.
Speaking at a meeting of the Council for Strategic Development and National Projects, Putin pointed out that inflationary risks in Russia have been rising and that curbing price growth is a top priority. The government and the central bank need to develop the corresponding economic policy, he stressed.
“In recent months, volatility in financial markets has increased significantly. We are all well aware of this. Obviously, such fluctuations make it difficult for businesses, enterprises, and citizens to make investment decisions… And here we need to work, among other things, on limiting unproductive, speculative demand in the economy, controlling capital outflow,…