Sunday, May 19, 2024
- Advertisment -
HomeNewsPutin Apologises to Russians over Rising Cost of Living as Inflation Soars  

Putin Apologises to Russians over Rising Cost of Living as Inflation Soars  

- Top Ad -

It is natural for a communist government to cover up downturns in the state of affairs in their domain. Often, they achieve this by injecting propaganda through state-controlled media outlets.   

Putin fielding questions at a press conference
Source: thisisinsider/Reddit

However, in a rare display of empathy, President Putin went on national TV to apologize for how inflation has torn Russia’s economy into shambles. Putin was quite specific when he mentioned eggs as one of the worst-hit food products.

A Call to Accountability  

During a recent year-end media confab with Russians, Putin spotlighted the 40% increase in egg prices. Putin quickly pointed out the inflation as a lapse on the government’s part.

- Inline 1-
Putin at the Hamburg G-20 Summit
Source: Kremlin/Wikimedia Commons

President Putin said in his statement concerning the issue, “I apologize for this, but this is a failure of the government’s work.” This statement came as a surprise to international observers of Putin’s leadership.

Russians Asking All the Important Questions  

A pensioner, Irina Akopova, who was present at the president’s press conference, raised concerns about the rising price of food products. Russians observed that the increasing cost of essential goods became a thing after Putin gave the green light for the invasion of Ukraine.

Wreckage of military tanks on the street of Ukraine
Source: Oleksandr Ratushniak/Wikimedia Commons

There was an immediate backlash from NATO and other Western world powers, so much so that trade sanctions made some consumer items unavailable in Russia. 

ALSO READ: Experts Condemn Tucker Carlson’s Interview With Putin

- Inline 2-

The Resolve That ‘never Says Die’

Despite the national hardship that the Ukrainian war has caused Russia, it doesn’t seem like Putin will be pulling out of Ukraine anytime soon. This is probably why he is apologizing to Russians on national TV, to urge them on in their perseverance. 

Russian and Ukrainian flags rend in the middle
Source: booblik_UK/Unsplash

According to Rosstat, a Russian statistical agency, eggs saw a 13% price increase in October 2023 and another 15% the following month. Before the Ukranian war, a dozen of eggs went for 100 rubles (approximately $1.4). However, that same quantity of eggs now goes for 130 rubles (around $1.8).

The Sudden Fall of Russia’s Economic Prowess  

Only a few years back, Russia was a major exporter of eggs. In 2022, Russian eggs accounted for 15% of global exports. This figure is unsurprising, as the country exported 1.2 billion eggs that year alone.

Various colours of egg shells in a crate
Source: soapydishwater/Flickr

However, the ongoing war has made it difficult for poultry farmers in Russia to meet up to regulatory standards of egg quality. Without attaining this standard, Russian eggs will not be accepted for export.

- Inline 3 -

POLL — Is Artificial Intelligence a Net Positive or Negative for Mankind?

Russian Poultry Farmers Voice their DIspleasure  

Russian poultry farmers cite a lack of access to certain technologies and major farm input markets as the culprits of their woes. However, the Russian government is very much aware that the lack of access is due to trade sanctions by the US and other allies of Ukraine.

Boiled eggs as toppings in a salad dish
Source: userbit/Needpix

Russian farmers’ access to these amenities is non-negotiable if they are to produce poultry eggs that are good enough for export and even local consumption.

We Want Quality Eggs!

So, quality has been the major challenge of eggs in Russia. Naturally, farmers would not want to flood the local market with eggs of poor quality, so production has dropped significantly. 

Egg-laying birds in a commercial poultry
Source: US Department of Agriculture/Flickr

Likewise, the farmers are resorting to buying cheaper feed from abroad to keep their birds going till things improve. Also, they are improvising the protein source of their egg-laying birds by substituting local but low-quality materials for the imported variants.

Poultry Farming is Becoming a Money Sink    

Despite all the farmers’ efforts to keep the wheel of Russian egg production moving, the cost of production keeps rising. So, only poultry farmers willing to run at a loss still produce eggs on a large scale.

‘Free people of a free country’ speech by Zelensky
Source: President of Ukraine/Wikimedia Commons

Interestingly, the international sanctions also prevent the farmers from accessing medication and veterinary consultation for drug prescriptions and similar services.

ALSO READ: Experts Raise Concerns About Russia’s Plans to Deploy Anti-Satellite Nuke in Space

The Ray of Hope 

Overall, President Putin admitted that local demand for eggs is rising while production continues to plunge. However, he is confident that the intervention of the Russian government will soon alleviate the situation.

Putin meeting with young entrepreneurs and engineers
Source: Presidential Executive Office of Russia/Wikimedia Commons

For example, he promised that his government would majorly cut the duties on eggs imported to Russia in 2024. Also, despite the inflation rates looking pretty bad on the charts, Putin is confident that the economy will rebound pretty soon.

You Might Also Like:

Wisconsin Governor Signs New Legislative District Maps Into Law

Abbott Announces Eagle Pass Military Base to Counter Border “Invasion”

Kansas City Mayor Accuses State Governor of Racism for Calling Super Bowl Parade Shooters “Thugs”

Michigan Asks Residents to House Migrants as Shelters and Airports Overflow with Migrants

“Title IX Literally Means Nothing!” Riley Gaines Fumes as Trans Swimmer Smashes Women’s Record

- Bottom Ad -
RELATED ARTICLES
- Advertisment -
- Advertisment -

Most Popular