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Kremlin Reaffirms Economic Stability as Peskov Decries WTO’s Breakdown

He described a volatile world that no longer offers reliable trade rules.

Overview

  • In a Sept. 24 interview with RBC radio, presidential press secretary Dmitry Peskov said Russia maintains resilience and macroeconomic stability.
  • He acknowledged tension points and problematic areas across economic sectors linked to wide-ranging sanctions.
  • Peskov said the global economy has entered an absolutely unpredictable phase that leaves meaningful forecasting nearly impossible.
  • He asserted that the World Trade Organization no longer functions, characterizing multilateral dispute mechanisms as ineffective.
  • He warned that policy moves such as U.S. tariff decisions will reverberate through the global economy with delayed effects.