Vladimir Putin 'considering' drastic actions as Russian economy is in 'turmoil'

Reports are swirling that Vladimir Putin is mulling over drastic actions in the face of looming economic turmoil - which has seen a key group of Russians considering 'mutiny' - including freezing Russian bank accounts and rolling out food rationing. Citizens are already feeling the pinch with skyrocketing interest rates and a spike in food prices, sending the cost of staples through the roof, with Putin making desperate moves to help the economy.

From November 2023 to 2024, potato prices soared by nearly 95 percent, while butter costs jumped by 36.5 percent. This sharp increase in food prices has led to a spate of thefts targeting supermarkets and grocery stores, with butter emerging as a hot commodity, with Putin lashing out at citizens' 'eating habits.'

Meanwhile, interest rates have hit a record high of 21 percent, piling pressure on businesses struggling with loans that were once manageable. With the economic outlook looking grim, the Kremlin is considering tough measures to prevent further decline.

Among the potential strategies is stopping bank deposit withdrawals and issuing food cards, as per insights from the Telegram Channel General SVR. "Many members of the Politburo agree that the freeze is necessary, but they are in no hurry to introduce this measure and are trying to postpone the adoption of the final decision as much as possible," the channel revealed.

https://www.msn.com/en-us/money/news/vladimir-putin-considering-drastic-actions-as-russian-economy-is-in-turmoil/ar-BB1rqqHI