ALEXEY VEDEV RECOMMENDS NOT CHANGING JOBS AT THIS TIME AND MANAGE FUNDS CAREFULLY

A number of countries have announced economic sanctions against Russia, and many foreign companies decided to withdraw from domestic market. Alexey Vedev, Doctor of economic sciences, former Deputy Minister of Economic Development of the Russian Federation, talking to TASS, recommended switching to a "savings-based consumption model": not seeking to change jobs if possible, as well as avoiding loans and managing money carefully to mitigate the consequences of the current situation.

"So far, the situation is such that there will be some economic contraction, therefore, salaries are unlikely to grow in this environment, while inflation will be quite significant and it is already accelerating," the expert believes.