US President Joe Biden in the East Room of the White House . File photoWASHINGTON, Jun 10 US President Joe Biden again accused Russian leader Vladimir Putin of raising fuel and food prices following the release of inflation data in May, which was the highest in more than 40 years.
"We have never seen anything like Putin's tax on food and gasoline at once,", he said, giving a speech in Los Angeles.
Inflation in the US in May accelerated to a maximum since December 1981 of 8.6 percent from 8.3 percent a month earlier. The rise in prices, the American authorities primarily explain the consequences of the conflict in Ukraine and recognize that the sanctions imposed against Russia are not without consequences for the US economy. After the start of a special military operation to denazify and demilitarize Ukraine, the West increased sanctions pressure on Moscow. Restrictive measures primarily affected the banking sector and high-tech products. Many brands have announced they are leaving Russia.
In the United States, Biden's press secretary was attacked for the «worst statement in history» Moscow called such steps economic war, noting that she was ready for such a scenario. The Central Bank is taking measures to stabilize the situation on the foreign exchange market, thanks to which the ruble has significantly strengthened against the dollar and the euro, breaking five-year highs. Russia also transferred payments for gas supplies to unfriendly countries into rubles. Another step to combat the impact of Western sanctions was the plan prepared by the government, which includes about a hundred initiatives. The volume of its financing will amount to about a trillion rubles. At the same time, in the West, restrictions provoked a record increase in prices for fuel and food. countries as a result of their mistakes