Putin Aims to Curb Inflation During the Congress of the Union of Industrialists and Entrepreneurs, Broadcast by the RSPP
At the Congress of the Union of Industrialists and Entrepreneurs, an event broadcast by the Russian Union of Industrialists and Entrepreneurs, President Vladimir Putin outlined a priority on price stability. He signaled the government’s intention to curb inflation as a foundation for sustainable growth, arguing that stable prices help households plan budgets, support business investment, and reduce uncertainty in the economy. The focus on inflation control was presented as a prerequisite for a healthier business climate where producers and suppliers can forecast costs, set competitive prices, and maintain investor confidence. The message underscored the belief that moderate and predictable inflation supports long-term planning across industries from manufacturing to services and strengthens the macroeconomic framework used by Russia to attract investment. The broadcast by the union behind the event highlights the close connection between state policy and the industrial sector, reflecting an approach that aims to align monetary signals, fiscal prudence, and real production activity.
Alongside inflation, Putin emphasized a commitment to keeping unemployment low. He urged measures designed to protect jobs, stimulate hiring, and expand opportunities in regions facing labor market gaps. This included calls for enhanced vocational training, support for small and medium enterprises, and incentives for employers to hire and retain workers during economic adjustments. The remarks framed employment as a key pillar of social and economic stability, arguing that full or near-full employment strengthens consumer demand, reduces poverty, and fosters a more resilient economy. The approach envisions a coordinated effort between government bodies, industry associations, and financial institutions to ensure that job creation keeps pace with structural changes in the economy, including shifts in energy, manufacturing, and technology sectors.
The briefing concluded by tying inflation control and unemployment objectives to broader growth ambitions. The coverage from the RSPP platform framed these goals as complementary: price stability reduces costs for businesses and households, while strong employment drives wage growth and consumer confidence. Together they create a foundation for sustainable progress across Russia’s regions, supporting investment in infrastructure, modernization of production facilities, and the development of skilled labor. The message reinforced the role of the Congress as a hub for dialogue between policymakers and industry leaders, with the Russian Union of Industrialists and Entrepreneurs acting as a conduit for policy signals to the business community.