Russia’s economy is facing skyrocketing inflation, with food prices hitting record highs. President Putin reveals what’s next for the nation. Don’t miss his bold statements.
From tomato prices to butter thefts, inflation is squeezing Russians’ wallets. Find out how Putin plans to tackle the crisis as interest rates soar.
Putin just warned about Russia’s overheating econo
Location: London
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From tomato prices to butter thefts, inflation is squeezing Russians’ wallets. Find out how Putin plans to tackle the crisis as interest rates soar.
Putin just warned about Russia’s overheating econo
Location: London
WooGlobe Ref : WGA210606
For licensing and to use this video, please email licensing@wooglobe.com
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FunTranscript
00:00Russia's economy is heating up, and inflation is hitting hard.
00:04President Vladimir Putin just addressed this critical issue during his annual phone-in
00:08event, raising concerns about the nation's financial health.
00:12Putin acknowledged the overheating economy and soaring inflation, urging the central
00:17bank to take a balanced approach in its upcoming key-rate decision.
00:21Experts predict a dramatic interest rate hike to 23 percent, the highest in over 20 years.
00:28But what does this mean for everyday Russians?
00:31Inflation is expected to reach 9.2 percent in 2025, driven by skyrocketing food prices.
00:37Just last week, tomatoes jumped 4.1 percent, and cucumbers a staggering 10 percent.
00:43For many households, 1,000 rubles now buy far less than before.
00:48Some Russians are even resorting to theft as staples like butter become unaffordable.
00:53Inflation isn't just numbers.
00:54It's a harsh reality felt in every pocket.
00:57While Putin supports tight monetary policies, he also hinted that earlier actions could
01:02have eased the burden.
01:04He blamed not just economic overheating, but also Western sanctions and extreme weather
01:09for rising prices.
01:11So what's next?
01:13A cooling economy, with growth predicted to slow to 2 to 2.5 percent in 2025.
01:19A soft landing, Putin calls it.
01:22For ordinary Russians, the challenge remains—making ends meet amid this financial storm.
01:28Will these measures bring relief?
01:30Or will inflation continue to weigh down Russia's economy?