Finance Minister claims Russia is in need of big resources to continue to war

“Big assets” are expected to keep battling what Russia refers to as “extraordinary military activity”. Finance minister, Anton Siluanov has said.

Sanctions forced by the West have assisted with bringing inflation up in Russia to practically 18%. While the economy, in general, is near the precarious edge of a downturn.

“Cash, immense assets are required for the extraordinary activity,” Mr. Siluanov said in a talk at a Moscow college.

Vladimir Putin has requested 10% ascents in pensions. And the lowest pay permitted by law to pad Russians from inflation while rejecting that the country’s monetary issues are connected to the attack on Ukraine.

The actions will cost around 600 billion rubles this year, and around one trillion in 2023, Mr. Siluanov said recently.

For the latest International News Follow BOL News on Google News. Read more on Latest International News on oldsite.bolnews.com