Costin Called Inflation the Main Enemy of the Economy.
4 Articles
4 Articles
Inflation is today the main enemy of the Russian economy, said the head of the VTB, Andrei Costin. In order to contain inflation, it is necessary to minimize the amount of money in the economy, said the head of the VTB at the XXIII International Banking Forum, transfers TASS. Costin also noted the deterioration of the investment climate. He said that this had occurred not only because of sanctions but also for a number of other reasons.
S.-Peterburg, 24 September - RIA News, the main enemy to the Russian economy is inflation, and VTB head Andrei Kostin.
The head of the VTB, Andrei Costin, described inflation as a major challenge to the Russian economy, and he said that in order to contain price increases it was necessary to limit the excess amount of money in the economy; he made a statement on 24 September at the XXIII International Banking Forum in St. Petersburg.
At the XXIII International Banking Forum organized by the Association of Banks of Russia, the head of the VTB, Andrei Costin, and the President of the Bank of Russia, Elvira Nabiullin, spoke on inflation, investment climate, credit and the situation in the banking sector.
Coverage Details
Bias Distribution
- 100% of the sources lean Right
Factuality
To view factuality data please Upgrade to Premium
