to protect them, to ensure national sovereignty, we are talking about objective processes, and truly revolutionary tectonic changes in the geopolitics of the global economy in the technological sphere. in the entire system of international relations, where the role of dynamically promising states of the regions is significantly increasing, interests that can no longer be ignored. i repeat. these changes are of a fundamental turning and inexorable nature and it is a mistake to believe that the time of turbulent change can everything will return to normal everything will be the same as before. however, it seems that the ruling elites of some western states are just in such illusions that they don’t want to notice obvious things, but stubbornly cling to those of the past, for example, they believe that the

dominance of the west in global politics and economics is a value that is unchanging, eternal, nothing happens forever . and our colleagues. they simply deny reality. they are trying to counteract the course of history, they think in terms of the last century, they are in captivity their own misconceptions about countries. outside the so-called golden billion, they consider everything else in the periphery as their backyard , still refers to them as colonies. and the peoples living there are considered second-class people, because they themselves consider themselves exceptional, if they are exceptional, then all other desires to punish economic crush those who stand out from their general ranks to obey, moreover, and not rude shamelessly born culture and the idea of ​​​​history subject and

integrity of the state. if any rebel, it is impossible to pacify him, then they try to isolate him or, as they say now, cancel him. the entrance is coming, everything even the sports of the olympic movement forbidden culture are masterpieces of art, for the sole reason that their authors are of the wrong origin in this nature and the current attack of russophobia in the west and insane sanctions against russia are insane and i would say their number is thoughtless, as well as the speed of stamping do not know precedents, the calculation was clear with impudence. how much to crush the russian economy due to the destruction of the kidney business withdrawal of western companies from the russian market freezing of domestic assets to hit the

financial industry in terms of people's living standards. did not work out. it is obvious that this did not work out, the russian entrepreneurs of the authorities worked professionally, the citizens showed solidarity and responsibility of the mice, step by step we normalize the economic situation, at the beginning we stabilized the financial markets, the banking system and the trading network, then we began to saturate the economy with liquidity and working capital. to save the sustainability of the company's employment and jobs earlier forecasts regarding the prospects for the russian economy, which sounded back in early spring. at the same time, they did not come true clearly. why was this propaganda campaign inflated. where did all these spells come from and about a dollar for 200 rubles. and about the collapse of our economy. in general, all this was and remains an instrument of information warfare.

a factor of psychological impact on russian society on domestic business circles, by the way, some of our experts succumbed to such external pressure in their forecasts also proceeded from the imminent collapse of the russian economy and the critical weakening of the national currency. the ruble has lived through life so similar predictions, however, he emphasized and would like to note in order to continue to achieve success. we must assess the situation as honestly and realistically as possible, while being independent in our conclusions. and, of course, believe in yourself. this is very important, we are strong people and we can cope with any challenge, just like our ancestors we will solve any problem about it. they say all the thousand-year history in our country later literally 3 months after the array.

literally 3 months after the massive package of sanctions, we suppressed the inflation surge after the peak of 17.8%. as you know, now inflation is 16.7%. and the economic dynamics continues to decline , the public finances are stabilizing and stable. uh, i'll go through a comparison with other regions later. yes, and this is too much for us, of course, 16.7% high inflation. we must work with this and we will do it, and i am sure we will achieve a positive result in the first five months of this year . budget turned out to be a surplus of one and a half trillion rubles, and the consolidated budget with a surplus of 3.3 million rubles. at the same time, the federal budget surplus. in may alone, it amounted to almost half a million rubles, while last year's may value more than quadrupled.

today, our task is to create conditions for increasing production to increase supply in the domestic market and, in a balanced way with the increase in supply , restore final demand and bank lending to the economy. already said, we have taken special arrangements to replenish working capital of the company, including business almost all industries have received the right to defer insurance premiums for the second quarter of this year, while manufacturing enterprises have more opportunities. they will be able to take advantage of the deferment in the third quarter, in fact, we are talking about an interest-free loan from the state in the future, deferred payments on insurance premiums will not need to be paid. what is called at the same time it can be done in equal shares within 12 months, starting from june next year. more since may,

the rate on subsidized mortgages has been reduced. now it is 9%. at the same time, the preferential mortgage program itself has been extended until the end of this year, as already mentioned, the purpose of such a measure is to help citizens in solving housing problems to support the construction and related industries. and uh, millions of workers are employed there after a sharp increase in the spring, interest rates in the russian economy are gradually lowering the central bank is lowering the key rate, in this regard, i think it is possible to lower the preferential rate again mortgages are now up to seven percent. well, what i would like to draw your attention to is the duration of the program remains the same until the end of this year. this means that those of our citizens who want to improve their living conditions. this benefit should be used before the

end of this year, the maximum amount of loans also remains 12 million rubles. for moscow and st. petersburg and 6 million rubles. for other subjects of the federation i will add. in general, it is important for us to increase the availability of long-term financial resources; loans for the economy in the near future. activity should be shifted from fiscal stimulus measures to market bank lending mechanisms. this process must certainly be supported, so we will allocate 120 billion rubles to increase the possibilities of the factory of project financing of choice. from the national welfare fund. such a measure will provide additional lending to demanded project initiatives in the amount of about half a trillion rubles. dear colleagues have already said that the economic blitzkrieg against russia initially had no

chance of success with this sanctions weapon. it is known, and the practice of recent years - it shows well, it is mutually acute. it wears. comparable, and even more damage is inflicted by the ideologist and designer himself, and it is not only about the current obvious consequences for us. it is known that among the leaders of european countries e is at the level of informal conversations. what is called furtively discussed are very disturbing prospects that sanctions can be applied not only against russia but also against any objectionable state sooner or later can affect everyone, including the members themselves the european union and european companies have not yet come to this point, but european politicians have already dealt their own economies, they did it themselves with a serious blow. we see how the social and economic

problems have worsened in europe and the united states too. as the cost of food products , electronic energy and automotive fuel grows, as the quality of life in europe decreases and the competitiveness of the enterprise is lost. according to experts, only direct countable losses of the european union from the sanctions fever for next year may exceed $400 billion . such is the price of decisions that are divorced from reality and taken contrary to common sense. this cost is directly borne by the population and the company of the european union inflation growth. in selected countries, the eurozone. already over 20%. now, i was talking about our inflation, but the countries of the eurozone do not conduct any special military operations. and inflation of up to twenty percent,

yes, it is even unpleasant for grants, unacceptable over the past 40 years. yes, of course, inflation in russia is also still in double digits however, we have already indexed social benefits and pensions, raised the minimum wage and protected the living wage, thereby protecting the least well-to-do citizens, and in turn, high interest rates have allowed saving people in the russian banking system, of course for business representatives. it is understandable that the high key rate is pressing down on the economy. understandable to citizens. still, in most cases. that's a plus they keep. they returned a significant amount of money in the bank at a high interest rate. and this is the main difference from countries of the european union where rising inflation directly leads to a decrease in real incomes of the population and eats up their savings, and the current crisis

falls first of all on low-income citizens , the growth and restraining european companies of losing the name of the russian market have serious long-term consequences, the result here is an obvious loss of global competitiveness and a systemic decline in the growth rate of the european economy. moreover, for years to come, all this leads to an aggravation of deep-seated problems in western societies. yes, of course, we have our own problems. enough, but now i have to talk about it, because they are this everything is real with their fingers. and they have enough problems themselves. i also spoke about this in the dowse, a direct consequence of the actions of european politicians and the events of this year will be a further aggravation of inequality in these countries, which in turn will further split their society, and the question is not only in the level of well- being, but also in the values ​​of the reference points of various groups this society. yes, these contradictions.