JRL NEWSWATCH: “Putin’s Own Government Warns His Campaign Promises Can’t Be Met” – Bloomberg/ Evgenia Pismennaya, Anna Andrianova, Ilya Arkhipov

Cash, Calculator, Pen

“… Putin’s own government doesn’t believe his ambitious campaign pledges to improve living standards are attainable. Officials have analyzed the $400 billion [National Projects] spending program … and found that the majority of targets will be impossible to achieve before … Putin’s term [ends] in 2024 …. Putin and … Medvedev have been briefed about the findings …. confirm[ing] conclusions already reached by many independent analysts that Russia’s bid to rev up growth beyond the global average is destined to fail. Most economists agree that the most effective way to fix the country’s stagnating economy is to get U.S.[-]European sanctions lifted and introduce the kind of legal and bureaucratic reforms that Putin has so far shown little interest in implementing. …”

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