Dr. Alexei Vedev, Head of the Financial Studies Department at the Gaidar Institute, former Deputy Minister of the Ministry of Economic Development of the Russian Federation, who supervised macroeconomic forecasting, gave a comment to on the results of the meeting on economic issues, which was held by the Russian President Vladimir Putin on November 1.

According to the expert, "economic growth is expected to slow down in the fourth quarter of this year, which is why Putin is "time checking" with key government participants. At the same time, the new 12th package of sanctions is only formally touched, as the previous 11 packages did not have a devastating impact on the Russian economy, the expert said.

"The meeting has a special message for the population. Because economic growth determines the well-being of people. This is the growth of wages and incomes of the people. And in light of the increase in the key rate to 15%, of course, the acceleration of inflation is important. This all affects the reduction of people's incomes and, of course, support measures are quite important for everyone," explains Alexei Vedev.