This was reported on the website of the Russian Ministry of Finance.

It is noted that the parties discussed the state of the world economy and the existing risks associated with rising prices for food and energy prices and high inflation.

“Indeed, the situation in the global economy has deteriorated significantly.

The excessively soft budgetary and monetary policy pursued in recent years in developed countries already last year created inflationary pressure, and the sanctions restrictions imposed against Russia not only further strengthened it, but also led to new risks in the economy,” Siluanov noted.

He expressed concern that rising prices for energy and agricultural products would harm developing countries and low-income countries.

Siluanov stressed that Russia has never refused to fulfill its obligations and continues to fulfill all contracts.

Earlier, the UN announced record food prices in the world against the backdrop of events in Ukraine.

Russian leader Vladimir Putin said that the state of affairs in the global food market over the past two years has become noticeably more complicated due to the mistakes of developed countries.