Similar Stories to Putin Said Russia Wouldn't Have To Choose Between Guns Or Butter. The Price Of Butter Is Soaring. on Bing News

Russian leader Vladimir Putin said his country could focus on both "guns and butter," but sanctions have helped fuel surging prices for the dairy product.Contributor/Getty ImagesPutin has been pledging that his country can focus on both "guns and butter" as it fights in Ukraine.Yet it's precisely butter that's been a headache for Russia, with a 25.7% price increase this year.The surging cost is raising fears of renewed inflation in Russia amid sanctions and war production.A year into his war on Ukraine, Russian leader Vladimir Putin told his country that its new focus on weapons production wouldn't tank its economy."There is a well-known phrase: guns instead of butter," Putin said last February."The country's defense is, of course, the most important priority, but, in solving strategic tasks in this area, we must not repeat the mistakes of the past, we must not destroy our own economy," he said, citing burgeoning wheat production at the time.In May, Putin once again ordered his government to continue aiming for that goal, telling officials to focus on both "guns and butter" — rejecting the adage that countries have to choose between military and civilian spending.Yet as the war grinds on, the last few months have been especially rough on Russian consumers.

BING NEWS:
  • Putin said Russia wouldn't have to choose between guns or butter. The price of butter is soaring.
    Yet it's precisely butter that's been a headache for Russia, with a 25.7% price increase this year ... telling officials to focus on both "guns and butter" — rejecting the adage that countries have to ...
    11/3/2024 - 6:36 pm | View Link
  • Putin’s guns-and-butter economics take a blow as Russia turns to Turkish dairy farmers
    Unhappy at Turkey’s continued delivery of guns to Ukraine, Russia is on the other hand only too happy to get hold of a share of Turkey’s butter. Russia began importing Turkish butter last week with an ...
    11/3/2024 - 8:44 am | View Link
  • Russia turns to UAE and Turkey for butter to contain soaring prices
    "Previously, there had been no deliveries of butter from the UAE to Russia," it said in a statement. The price of a block of butter has risen by 25.7% since last December, according to Russia's ...
    11/2/2024 - 5:46 am | View Link
  • Russia's Inflation Tango: Balancing Guns and Butter
    Russia faces surging inflation challenges as the price of butter and other commodities rise, driven by defense spending amidst ongoing conflict. Authorities struggle to keep prices stable, even as ...
    11/1/2024 - 3:33 am | View Link
  • Russian butter prices soar, testing Putin pledge to supply both 'guns and butter'
    President Vladimir Putin says that Russia's war economy is well balanced to supply both guns and butter, but the price of butter itself is now soaring as surging inflation distorts parts of the ...
    11/1/2024 - 3:26 am | View Link
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