Russia's Putin is putting a positive spin on the Russian economy. For what it is worth, he is saying:

  • Western sanctions led to deterioration in economy in the West
  • Ruble has stabilized
  • Cash forex is flowing back to Russian banks
  • Retail demand in Russia has normalized
  • Inflation in Russia stabilized
  • Unemployment in Russia is low
  • Central banks rate cuts will make lending in the economy cheaper
  • Budget should support economy liquidity