The economy of Russia It is in a delicate moment, in which the numbers are more red than green.
The sanctions imposed by the West – which left the country isolated from exchanges with much of the world – added to the high budget allocated to the war in ukraine -which has been going on for more than a year and a half and does not seem to be close to ending- have left the ruble declining.
According to the latest official figures for August, the year-on-year inflation was from 4.4% while the seasonally adjusted average for the last quarter rose by 7.6% Compared to the same period of the previous year.
In the last weeks, Vladimir Putin He tried to appear confident that the situation would recover as soon as possible, saying that the oscillations of the ruble were “manageable” and even defended a minimum growth of 2.5%, with a view to bringing tranquility to the markets.
In any case, the truth is that reversing the country’s economic situation will not be an easy task in the context in which it is immersed and it will take more than a few speeches to achieve it.
Despite this, this Tuesday Putin ordered a increase in his salary and that of the officials closest to him.
According to the presidential decree released by the Kremlin, from October 1, the President will receive a remuneration 5.5% higher, as will the Prime Minister Mikhail Mishustinand the deputy head of the Security Council and important standard-bearer of the “special operation”, Dmitry Medvedev.
Others also benefited from this order. ministers, federal officials and heads of key government structures as the attorney general Igor Krasnovand the head of the Instruction Committee, Alexander Bastrikinwhose role in the investigation and condemnation of the alleged war crimes of which the Kremlin accuses Ukrainian troops is crucial.
Along with Putin’s circle, some social sectors will also benefit from these increases.
The economic newspaper RBC indicated that employees of public companies will get an increase in 4.5% starting next month while, for workers in the health, social, educational and cultural sectorsit will be from 9.8% starting January 1st.
In the eyes of Russian dissidents and the independent press, who view Putin’s moves with distrust, this could be a strategy facing the presidential election that will be held in 2024 in Russia and in which the president would be working to achieve a re-election.
In fact, many experts have already advanced that with the support of the military, pensioners and some million Russians who work for the State, he would be guaranteed another period in the Executive.
Likewise, the Kremlin has already announced that next year it will allocate two-thirds more of the 2023 total to its defense spending but, again, without reducing social protection measures and strategically ensuring the well-being of these people. Or at least that will be the case until Sunday, March 17, when the first round will take place.
(With information from EFE)