Putin admits Ukrainian strikes are hurting Russia’s economy
Photo: Russian leader Vladimir Putin (Getty Images)
Attacks on Russian infrastructure and industrial facilities may not be causing critical damage, but they are having a noticeable negative impact on the Russian economy, Russian President Vladimir Putin said, according to RIA Novosti.
Impact of attacks on the Russian economy
Speaking at a meeting of the Council for Strategic Development at the Kremlin, Putin acknowledged that systematic strikes on infrastructure and industrial facilities are hurting Russia’s economic performance.
According to Putin, economic growth rates are being affected by external pressure and continued attacks on industrial enterprises.
Despite attempts to downplay the scale of the damage and claims that there are "no critical consequences," Putin confirmed that the strikes are causing real harm.
"Obviously, there are no critical consequences from such attacks, there have not been and cannot be. But, of course, they do cause us harm—that is obvious. We understand this, we see it, and we know it," he said.
Russia’s economic situation and war plans
Recently, European intelligence assessed how long Vladimir Putin can continue financing the war against Ukraine. A temporary rise in global oil prices has provided the Kremlin with additional revenue and delayed an acute financial crisis, allowing it to continue military operations at least until next spring.
At the same time, Russia’s budget deficit has already exceeded the annual target by 70%.
Despite rising spending and economic difficulties, Moscow has no plans to halt the war. Kremlin officials commented on a possible "freezing" of the war, saying that a ceasefire along the front line is unacceptable to the Kremlin.
