The Russian economy is slowing down. Its growth in November and December has already ceased to be frontal, and in a number of industries the first signs of cooling were manifested.

According to Rossmi, this was announced at the final collegium of the Ministry of Economic Development of the Russian Federation by the head of Maxim Reshetnikov at the final collegium of the department.

" This became especially noticeable in December: growth rates slowed down in the food industry, chemical production, woodworking and individual engineering segments. The volume of orders of business is also reduced, which is clearly visible in the example of a car market - high credit rates lead to a decrease in sales of cars, special equipment and agricultural equipment, ”Reshetnikov said.

He explained that the tightening of monetary policy, the increase in the key rate and macroprudentic requirements led to the compression of the volume of lending, which affects not only consumer demand, but also investments that determine the future of the product supply.

The Russian minister also emphasized that changes in monetary policy have a direct impact on budget expenditures.

" In this regard, the government is already engaged in their ordering, ”he said.

According to him, the authorities of the aggressor country are trying to coordinate the further monetary and budgetary and tax policy, as well as evaluate the volume and structure of lending. In addition, the Cabinet of Ministers thinks how to protect industries affected by the tightening of monetary policy.