Panic buying swept Russia, like the country national The currency fell as fast as possible rate in After years of Western sanctions imposed on Moscow because of her invasion of Ukraine. Some market shelves already Empty, and the authorities imposed restrictions on sales on Some products, including basic food items.
Consumption of Russian ruble and problems in Shipments due to extensive penalties are also reflected in the prices of Products in Country.
The weekly inflation rate rose to 2.2%. in The period between February 26 and March 4 after start of The war that is recorded as highest increase since 2008.
it was there also big increases in the prices of products in The week covering March 5-11. While the weekly inflation rate was 2.1%, the annual inflation rose 2.1% points to 12.5% for The first Time since December 2015.
The price of Sugar, of which is Russia net Source, has increased about 15% since first day of March. The price of Tomatoes rose 17% and price of Bananas are up 16%. While egg prices are up 25% since March 1, producers are warning there could be another 40% increase. in the prices in average term.
In some storesThe amount of Sugar, salt and buckwheat that can be purchased per person is limited due to the excess demand. in many storesshelves for Products in The question remained empty.
Russian press also I mentioned that exams in some schools in Saint Petersburg was postponed because of the shortage of paper.
The war that started with Russia invasion on February 24 – called “special military Operation “by Moscow – paid a series of Sanctions from the United States and Europe countries.
the value of The Russian ruble fell to its lowest levels in history after that world Authorities imposed unprecedented penalties.
There were concerns about Russia’s default on It’s a debt but she paid 117 million dollars in benefit on two dollar denominated bond last week.
On Monday, the ruble was trading at 105 to dollar Where investors await the planned appeal of OFZ treasury bonds trading I looked at a voucher worth 66 million dollars on 2029 Sovereign dollar The bond is due on the same day.
Central Russia bank Limited number allowed of additional market operations over The next Two weeks, although he did not say when trading in Tools like Stocks can be resumed.
Your Excellency, Russian President Vladimir Putin, in a permit on March 16, they stated that they are aware of Difficulties in The state economy And they will raise the salaries and pensions of civil servants.
Kremlin spokesman Dmitry Peskov said separately on March 18 that “the Russians have absolutely no need to run to me shops And the buy Buckwheat, sugar and toilet paper. “
While the state monopoly of sugar sales in was the state on Agenda First Deputy Prime Minister of Order of Russia Andrei Belousov Russian Ministry of agriculture for fix sugar prices in Country. Russians government announced Sugar exports have stopped with it’s a decision on March 14.
In addition to food products in Russia is there also Increases in the prices of Electronics and cars, where shipments were large reduced.
Between February 28 and March 18, automobile Prices are up 17%, TV prices are up 22% mobile Phone prices increased by 12%.
