City
Epaper

Putin warns against intensification of sanctions against Russia

By IANS | Updated: November 2, 2023 14:45 IST

Moscow, Nov 2 Russian President Vladimir Putin said that he expects Western sanctions against Moscow to be intensified, ...

Open in App

Moscow, Nov 2 Russian President Vladimir Putin said that he expects Western sanctions against Moscow to be intensified, and that his country needs to be ready for acts of sabotage on vital infrastructure.

Speaking at a meeting with the heads of economic departments, Putin said that Russia's economy is developing stably despite the pressure from the West, reports Xinhua news agency.

He noted that the GDP for nine months increased by 2.8 per cent compared to the same period last year, while wages in Russia grew by 7.5 per cent in real terms, and unemployment rate remained low at 3 per cent.

However, he warned that the West may resort to more aggressive measures as the potential of Western sanctions is exhausted.

He cited the proposal of some Western politicians on banning the import of screwdrivers, needles and other items into Russia.

"Well, the less junk, the better. Less chance that bedbugs will be exported to us from large European cities," Putin said.

The President also expressed concern that acts of sabotage may be used on vital objects of infrastructure, such as pipelines, power plants or communication networks.

He instructed the government and the Bank of Russia to act synchronously and effectively to reduce inflation, which is one of the main risks for the economy.

Putin also urged them to support business investment in production, technology and human development.

The President said that these are the key conditions for ensuring Russia's long-term growth and economic sovereignty.

Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Open in App

Related Stories

PunePune News: Two Passengers Fight Over a Seat in Moving ST Bus, Video of Clash Goes Viral

Other SportsAIFF to convey to SC concerns of clubs, players over delay in start of 2025-26 season of ISL

NationalDharmasthala mass grave case: Decision to halt excavation will be taken by SIT, says K'taka govt

NationalAssam Rifles recovers drugs, Indian currencies in Mizoram; two held

NationalCong started 'vote theft', Sonia Gandhi became official voter when she was not Indian citizen: BJP leader

Politics Realted Stories

Maharashtra'Chaddi Baniyan' Protest at Maharashtra Assembly: Opposition Stages Agitation Against Sena MLA for Punching and Slapping Canteen Staff (Watch Video)

MaharashtraMaharashtra Monsoon Session: Ajit Pawar Slams Bhaskar Jadhav Over Fund Allegations, Says 'No Need for Unsolicited Advice'

MumbaiUddhav Thackeray Pats Raj Thackeray on Back at Victory Rally Speech; Emotional Video of Thackeray Brothers Goes Viral

MaharashtraMarathi Language Controversy: ‘Did I Pass a GR Against Brotherhood?’ Devendra Fadnavis Hits Back at Uddhav & Raj Thackeray

NationalAssembly Bypoll Results 2025: AAP Wins Visavadar and Ludhiana West Seats; Congress Wrests Nilambur Seat in Kerala