The president has urged the government to maintain a balance between pursuing economic development and price stability
Economic activity in Russia at the beginning of the year remains strong, according to President Vladimir Putin, who said on Monday that the situation is in line with the expectations of the government.
While addressing a meeting on economic issues, the president pointed to strong consumer demand, calling it extremely important to maintain a balance between pursuing economic development and price stability.
“Strong consumer demand remains – approximately the same as in the fourth quarter of last year. And it is very important that this has a positive effect on the mood and plans of domestic business,” he said.
According to the president, increasing the incomes of Russians and improving the quality of life in the country remain a priority for the authorities. “Our main task, our absolute priority, is to increase incomes and the quality of life of citizens, the well-being of Russian families,” the head of state said.