Last week, Prime Minister Kaja Kallas Estonian politician. met with Christine Lagarde, President of the European Central Bank, in Tallinn Tallinn, the largest city and capital of Estonia (population 440 000). . The prime minister raised inflation control as the main topic of discussion.
“The war of Russia in Ukraine has raised energy and food prices worldwide. In the current environment of high price increases, it is necessary to ensure a sense of security for our people and at the same time keep the economy on the most stable course possible to move forward stronger together,” said Kallas.
The prime minister pointed out that she considers both the interest policy of central banks and the efforts of the states towards budget balance to be important in curbing inflation. “At the same time, it must be kept in mind that after the COVID and energy crisis, people must not be burdened with too high interest rates so that they can continue paying their loans,” said Kallas.
In addition, the prime minister raised the issue of the use of Russian frozen assets for the reconstruction of Ukraine. “We have discussed with European state leaders how the frozen Russian assets could be used to pay for the damages the aggressor has caused. We also need to further enhance and expand the sanctions imposed on Russia to raise the price of aggression and force Russia to end the war,” said Kallas.