Russia must act quickly in face of West’s ‘economic aggression’

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This content material was produced in Russia the place the legislation restricts protection of Russian army operations in Ukraine

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MOSCOW, April 28 (Reuters) – President Vladimir Putin on Friday stated Russia wanted to behave shortly to counter what he known as the West’s “financial aggression”, including Moscow would develop ties with nations in Eurasia, Africa and Latin America.

Russia’s economic system has confronted a number of challenges this yr, together with a weaker rouble, decrease power revenues and additional isolation as Western nations proceed to impose sanctions over its actions in Ukraine.

“At present, within the face of the West’s financial aggression, the parliament, the federal government, all regional and native authorities must act clearly and shortly work as one cohesive group,” Putin advised a gathering of Russian lawmakers.

“We’re not going to go away Russia to isolate itself. Quite the opposite, we’re going to develop pragmatic, equal, mutually useful, completely cooperative relations with pleasant nations in Eurasia, Africa and Latin America,” he stated.

Finance Minister Anton Siluanov stated on Friday that Moscow’s forecast of a 2023 finances deficit not exceeding 2% of gross home product (GDP) nonetheless stood, however attaining this might rely on oil and gasoline revenues, Russian information businesses reported. (Reporting by Reuters, modifying by David Ljunggren and Hugh Lawson)

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