Russian President Vladimir Putin attends a meeting with representatives of business, officials and other participants of the 8th Eastern Economic Forum via a video link in Vladivostok, Russia, September 12, 2023.
"In conditions of high inflation, it's practically impossible to form business plans," Putin said at the Eastern Economic Forum in Vladivostok.
Putin said he saw no problems with rouble volatility, and the authorities had a cache of tools to keep the currency and markets under control.
Putin said the central bank had acted in a timely manner last month, but noted that high rates restrain lending and economic growth.
Reporting by Reuters, writing by Alexander Marrow; Editing by Mark TrevelyanOur Standards: The Thomson Reuters Trust Principles.
Persons:
Vladimir Putin, Mikhail Metzel, Putin, Alexander Marrow, Mark Trevelyan
Organizations:
Eastern Economic, Sputnik, REUTERS Acquire, Rights, Reuters, Thomson
Locations:
Vladivostok, Russia, Rights VLADIVOSTOK