Putin religion
Russia president
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- Vladimir Putin is increasingly concerned with economic issues in the country, according to a Reuters report.
- Russia is facing stagflation risk, sanctions, and labor shortages as its war in Ukraine drags on.
- A source told the outlet that Putin considers Russia's wartime goals in Ukraine as already met.
Russian President Vladimir Puting isn't feeling as upbeat about the prospects for Russia's economy as the conflict in Ukraine intensifies and sanctions create domestic challenges with no easy solution.
According to the sources close to the Kremlin, the president has privately acknowledged the war's strain on the economy, specifying "really big problems."
At a December 16 meeting with business leaders, Putin criticized top economic officials and was reported to be clearly displeased by rising borrowing costs faced by Russian businesses.
Restrictive credit costs have upset corporate leaders in the country, as interest rates have hit a historic 21%.
Despite criticism and stagfla