Putin hails Russia's strong 2024 economic growth
Russia reported strong economic growth for 2024 on Friday as record spending on the military offensive against Ukraine outweighed the impact of Western sanctions. Before sending troops into Ukraine, Russia had faced almost a decade of sluggish growth and falling living standards -- suffering under sanctions and restrained domestic spending after Moscow annexed Crimea in 2014.
High inflation is key challenge for Russia's economy, prime minister tells Putin
Inflation has been fuelled mainly by massive state spending over the last three years to finance the war in Ukraine and the military-industrial complex. "It is absolutely clear that the main challenge is inflation," Mishustin told Putin at a meeting in the ...
Putin lauds the strength of Russia’s war economy. Others see a mirage
Since Moscow’s full-scale invasion of Ukraine in 2022, Russia’s economy has surpassed expectations. But some experts say this image of resilience is a mirage crafted by the Kremlin.
Russian economy grew by 4.1% in 2024, slightly exceeding forecasts, PM tells Putin
Russia's economy grew by 4.1% in 2024, Russian Prime Minister Mikhail Mishustin told President Vladimir Putin on Friday, slightly better than an official forecast of 3.9%.
Russian economy records 4.1% growth in 2024, surpassing forecast
The Russian economy recorded a growth of 4.1% in 2024, slightly surpassing the official forecast of 3.9%, according to Russian Prime Minister Mikhail Mishustin. The Prime Minister shared these figures during a meeting with President Vladimir Putin,
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Ukraine’s inflation set to peak by mid-2025, cool to 8% by year-end, central bank says
Ukraine’s inflation rate is expected to peak at 15% by mid-2025 before dropping to 8.4% by year's end, Ukraine’s Central Bank ...
Russians are buying huge amounts of gold with the ruble under pressure from high inflation and sanctions
Russian consumers purchased 75.6 metric tons of the precious metal, representing a 6% jump from 2023 and a 62% increase from ...
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Ukraine fails to defeat inflation — National Bank
According to the National Bank, inflation in Ukraine in December 2024 increased by 10.7%, mainly due to higher prices in the service sector MOSCOW, January 31. /TASS/. Inflation in Ukraine ...
devdiscourse15d
Ukraine's Economic Struggle Amidst War and Inflation
Ukraine's central bank raised the main interest rate to 14.5% to curb inflation, challenging economic recovery amid war with ...
Ukraine aid groups cut services, scramble for cash after US funding shock
Some 150 Ukrainian teenagers from northeastern areas near the frontlines of the war with Russia had already packed their bags ...
Forbes23d
Inflation Ticked Up To 2.9% In December As Expected—Highest Since July
Inflation in December was its highest since ... the pump from their 2022 record level following Russia’s invasion of Ukraine. But much of the consumer price index release has to do with the ...
Business Insider28d
Russia is feeling the full impact of sanctions and the strain could force an end to the war this year, think tank says
After almost three years of waging war in Ukraine, Russia is feeling the full ... according to a draft budget viewed by Bloomberg. Russian inflation is also soaring, with consumer prices rising ...