Putin suggests limiting grain exports from Ukraine to European countries

Russian President Vladimir Putin on Wednesday suggested the possibility of limiting the export of grain from Ukraine to European countries and said he would discuss the matter with his Turkish counterpart Recep Tayyip Erdogan, who has been mediating since the outbreak of the war on February 24.

“Maybe we should think about limiting the export of grain and other foodstuffs on this route (between Ukraine and Europe),” Putin has advocated. “I will consult with President Erdogan. After all, he was the one who worked for the Ukrainian grain export mechanism (after the reopening and reactivation of Ukrainian ports closed because of the Russian invasion),” he has maintained.

Putin has also acknowledged that some sectors of the Russian economy are experiencing problems, although he has stressed that “in general, the economic situation has stabilized.” “We see problems in some industries and regions, in enterprises of the country, especially those that are linked to supplies to Europe or that received products from there,” he explained.

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The Russian leader has also affirmed that inflation in Russia is falling and has stressed that he expects the figure to be around twelve percent by the end of the year, while criticizing the “short-sighted actions of the Western authorities”, whom he has accused of “provoking a global inflation that has already exceeded records in developed economies”.

“At the end of July, inflation in the United States was 8.5 percent. Now we have it at around fourteen and a bit percent, but the trend, unlike in Western economies, is downward. There it is going to increase, but in our case it is going to decrease”, Putin pointed out, as reported by the Russian news agency TASS.

Along these lines, he has stressed that he expects inflation to be around four percent in Russia by the beginning of 2023. “According to many of our experts, in the first quarter or the second half of next year we will be possibly between five and six percent, although some say it will reach four percent. In any case, let’s see positive trends,” he said.

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On the other hand, the Russian president has pointed out that the niche of European companies impacted by the sanctions imposed on Moscow could be filled by U.S. companies. “It would not be surprising if, as a result, the child of European companies on the continent and the global market will be occupied by their American patrons. In pursuing their interests they never limit themselves and do not hesitate to achieve their goal,” he has concluded.

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