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With the central bank now operating in the shadow of stagflation, the worst may still be ahead. Data released on Wednesday showed that Russia's economy slumped 3.1% year over year in the last quarter.
The inflationary pressures on the Russian economy remain high, despite the Russian Central Bank setting an interest rate of 18%. An annualized rate of price increases from May to July stands at 10 ...
Russia’s economy is facing a “moment of truth” as high inflation, an ailing private sector, and critical shortages are poised to constrain Vladimir Putin’s war on Ukraine, according to ...
2024 American–Russian prisoner exchange: Twenty-six individuals are released in Ankara Esenboğa Airport in Turkey as part of a prisoner exchange between the United States and Russia. [ 139 ] Ten people are killed after an apartment block collapses due to a gas explosion in Nizhny Tagil .
Russia's central bank says inflation is rising while the nation's economy cools. These are the key ingredients for stagflation, a scenario that's harder to combat than a recession.
DeepStateMap.Live is an open-source intelligence interactive online map of the military operations of the Russian and Ukrainian armies during the Russian invasion of Ukraine. The map was created on 24 February 2022, the day of the invasion, by the non-governmental and volunteer-led organization Deep State UA .
In October 2023 western firms that wanted to exit the Russian economy were doubly fleeced when they were told about extraordinary capital controls. [16] On 15 July 2024 the CBRF closed the statistics of the over-the-counter currency market; at the time it was under pressure from international sanctions over the Russian invasion of Ukraine. [17]
Others have also issued dire assessments of Russia's economy. The Bank of Finland’s institute for emerging economies published a report Thursday that said growth will slow to just 1% in 2025 and ...