Peskov says external shock speeds up Russia’s inflation

MOSCOW, Mar 10 (PRIME) -- The external impact on the Russian economy has accelerated the price growth and turbulence, but the government has launched and is developing new steps to stabilize the situation, presidential spokesman Dmitry Peskov told reporters on Thursday.

“As to the inflation, yes, there is a wide external shock impact on our economy, there are negative consequences, they will be minimized. The situation is quite turbulent now, but the measures to calm it down, to stabilize the situation, are being implemented and further steps are being developed,” he said.

“As to the price freeze, I will give no answer to the question and will not comment on it now. You know that we have a government emergency center chaired by the prime minister, and they will do everything necessary for stabilization,” he added.

The Federal State Statistics Service said on Wednesday that prices in Russia inflated by 2.22% from February 26 through March 4.

Peskov also said that negative fallout, including nationalization of Western companies in Russia, can follow arrest of Russian property abroad.

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