▪️ #Boris_Kovalchuk, head of #Russian ministry of finance and son of one of #Putin's closest associates, warned that higher interest rates "limit investment opportunities."
▪️ #Igor_Sechin, head of #Rosneft and another close #Putin associate, said that rising rates had a "negative impact.
▪️ #Sergey_Chemezov, a close associate of #Putin who heads #Russia's state arms conglomerate #Rostec, warned in late October that if rates remain at current levels,
"These words are like music to my ears!" 🤣 🤣 🤣 "and he said them BEFORE the latest #russian rate rise!" 🤣 🤣 🤣
#Sergey_Chemezov, head of #Rostec Corporation, warned of the threat of the collapse of the #Russian production sector due to the rising key rate.
He made this prediction two days before the #Russian Central Bank raised the key rate again last Friday.
Putin's IBS