Diamond Member Pelican Press 0 Posted November 4 Diamond Member Share Posted November 4 This is the hidden content, please Sign In or Sign Up ****** said Russia wouldn’t have to choose between guns or butter. The price of butter is soaring. ****** has been pledging that his country can focus on both “guns and butter” as it fights in Ukraine. Yet it’s precisely butter that’s been a headache for Russia, with a 25.7% price increase this year. The surging cost is raising fears of renewed inflation in Russia amid sanctions and war production. A year into his war on Ukraine, Russian leader Vladimir ****** told his country that its new focus on weapons production wouldn’t tank its economy. “There is a well-known phrase: guns instead of butter,” ****** said This is the hidden content, please Sign In or Sign Up “The country’s defense is, of course, the most important priority, but, in solving strategic tasks in this area, we must not repeat the mistakes of the past, we must not ******** our own economy,” he said, citing This is the hidden content, please Sign In or Sign Up at the time. This is the hidden content, please Sign In or Sign Up to continue aiming for that goal, telling officials to focus on both “guns and butter” — rejecting the adage that countries have to choose between military and civilian spending. Yet as the war grinds on, the last few months have been especially rough on Russian consumers. Inflation rates in August and September climbed to their highest since early 2023, when ****** first made his speech propping up the civilian economy. By the end of October, the price of butter in Russia was up 25.7% compared to December 2023, per This is the hidden content, please Sign In or Sign Up Not all grocery or dairy prices are running up at such a rate. The next-largest increase involved lamb, which rose 21.48%, while milk rose 12.75% in the same *******. ‘Armageddon with butter’ Still, the overall trend has raised fears of a return in Russia to 2022’s surging inflation rates or the This is the hidden content, please Sign In or Sign Up “What is especially frightening is the fact that the acceleration is associated with a unanimous increase in prices across the entire basket. Of the 107 items included in the weekly basket, 84 went up in price,” wrote economists on the MMI Telegram channel, a This is the hidden content, please Sign In or Sign Up As government statistics showed butter rising by up to 1.9% weekly in late October, the same channel warned of an This is the hidden content, please Sign In or Sign Up and said Russia could see a repeat of its 40% This is the hidden content, please Sign In or Sign Up The soaring prices made national headlines earlier this month when Russian media reported a series of butter-related supermarket thefts. The This is the hidden content, please Sign In or Sign Up reported that one robbery in Moscow involved 25 packs of butter stolen by two men. Even state media has addressed the issue, with the This is the hidden content, please Sign In or Sign Up writing that some stores were putting butter in protective boxes. Federal officials have since met with dairy producers in a bid to curb the cost hikes, though the local union’s statement in late October promised only that it would This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Why butter prices are on the rise A week before that meeting, the same union This is the hidden content, please Sign In or Sign Up the country wasn’t experiencing a butter shortage, but added that about 25% of local butter consumption comes from foreign suppliers. Much of those imports previously came from countries in ****** America, which dropped their butter shipments from This is the hidden content, please Sign In or Sign Up yearly amid Western sanctions on Moscow. Another major dairy supplier complying with wartime sanctions, New Zealand, This is the hidden content, please Sign In or Sign Up worth of butter to Russia yearly before the invasion began. To fill the butter void, Moscow has since been turning to friendlier nations such as This is the hidden content, please Sign In or Sign Up and the This is the hidden content, please Sign In or Sign Up , which previously only supplied about 90 tons yearly to Russia. The price turmoil continues to play out as Russia leans its economy further into weapons manufacturing to maintain the invasion of Ukraine, which has now increasingly turned into a This is the hidden content, please Sign In or Sign Up in manpower and equipment. Russia is expected to spend This is the hidden content, please Sign In or Sign Up , up to $145 billion in 2025, or 6.3% of its GDP. That could spell even more bad news for Russian consumers, with economists expecting This is the hidden content, please Sign In or Sign Up beyond the announced reforms for 2025 to keep up with This is the hidden content, please Sign In or Sign Up Read the original article on This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up #****** #Russia #wouldnt #choose #guns #butter #price #butter #soaring This is the hidden content, please Sign In or Sign Up This is the hidden content, please Sign In or Sign Up Link to comment https://hopzone.eu/forums/topic/160575-putin-said-russia-wouldn%E2%80%99t-have-to-choose-between-guns-or-butter-the-price-of-butter-is-soaring/ Share on other sites More sharing options...
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