Belousov announced an attempt to create four rings of blockade around Russia

The Deputy Prime Minister said that logistical restrictions and a lack of liquidity led to a drawdown in the economy:in industry and trade it was 11% Andrey Belousov

Deputy Prime Minister Andrei Belousov, during his speech at the Federation Council, said that the West is trying to isolate RUSSIA from the world economy as much as possible. “Literally pull it out of world economic relations, thereby launching the processes of degradation and disintegration of our economic system. In fact, an attempt was made to organize a global blockade of Russia, consisting, schematically, of four rings (financial, trade, transport and humanitarian),” he said.

“It is impossible to create such a blockade completely. It is impossible to isolate Russia, the world's sixth largest economy, from the global economic system. And the events of the last month and a half clearly testify to this,” Belousov added.

At the same time, the Deputy Prime Minister noted that the drawdown of the economy due to logistical restrictions and lack of liquidity has begun, but has not yet affected the labor market. “So, in industry and trade, the decline in production was about 11%, in other sectors - 9-10%,” Belousov said.

Putin called the most correct decision to de-bureaucratize the economy Politics

However, now, according to the Deputy Prime Minister, the situation in trade is stable and under control. “Unfortunately, rush demand, along with a reduction in imports, caused a wave of price increases,” he said and added that the government “did everything possible to ensure that this wave was as weak and short as possible,” the rise in prices for consumer goods began to slow down , amounting to 0.66% in the last reporting week.

Belousov said that the government could allocate 7-8 trillion rubles to support backbone enterprises and medium-sized companies. without the threat of inflation. “We have certain macroeconomic limits within which we operate. <...> To support other groups of enterprises, we need to take some other measures, including reducing the tax burden and so on,” he said.

The Ministry of Economic Development called the deadline for the return of the economy to the level of 2021 Economics

Or not? Predictions Pro Soft Care: Pro Russia has double-digit inflation. What assets can insure against it Articles Pro Seven ways

In mid-March, Prime Minister Mikhail Mishustin announced that more than 100 initiatives worth 1 trillion rubles were included in the plan to support the Russian economy, the project "will be constantly replenished and released in stages, depending on the development of the situation."

The day before, Mishustin said that the authorities approved additional measures to increase the stability of the economy in the face of sanctions, one of them is to reduce the administrative burden for businesses and citizens. The Cabinet of Ministers also said that it is considering measures to support the construction industry, industrial projects, transport, housing and communal services and the processing of municipal solid waste, as well as assistance to the regions.

On March 10, the Central Bank presented the first macroeconomic consensus forecast since the imposition of sanctions against Russia. Economists interviewed by the regulator calculated that by the end of the year, Russia's GDP should decline by about 8% (the median value, the range of estimates was from 3.5 to 23%). According to the HEAD of the Accounts Chamber, the reduction may be more than 10%; The World Bank expects a fall of 11.2%.