Russia - TheIndianSubcontinent

President Vladimir Putin said Tuesday that Russia has been able to “get a grip” on inflation after data showed almost a month of no inflation.

“From the second half of May, price growth has stopped completely. Now inflation is at the zero mark,” Putin told a government meeting.

But while stable prices might sound like good news, some analysts have

Details: Category: Russia; Published: 11 June 2022

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The Russian government will buy over 970 million rubles' ($17 million) worth of Russian flags and coats of arms to install in rural schools as part of a wider push for “patriotic” education amid the country's ongoing invasion of Ukraine.

Education Minister Sergei Kravtsov in April said that starting Sept. 1, schools will raise the Russian flag and

Details: Category: Russia; Published: 10 June 2022

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Russia's Central Bank cut its key interest rate on Friday as the country's economy recovers faster than expected following sanctions imposed on Moscow over its military action in Ukraine.

The Bank of Russia cut the rate to 9.5% from 11%, saying in a statement that "inflation is slowing faster and the decline in economic activity is of a smaller

Details: Category: Russia; Published: 10 June 2022

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Dmitry Medvedev as Russian president chomped on a burger at an American diner with Barack Obama, praised independent media and made ambitious promises of reform to create a more open Russia.

But with the Kremlin's war against Ukraine raging for over three months, he now vows to make enemies of Russia "disappear," warns of military strikes on the

Details: Category: Russia; Published: 10 June 2022

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A former Russian government official was detained at a Moscow airport this week on suspicion of embezzling over $15 million from a Siberian metro construction project's budget, mediareported Friday.

According to the RBC news website, Federal Security Service (FSB) agents apprehended Oleg Mitvol, a former ecology official and a Moscow city prefect

Details: Category: Russia; Published: 10 June 2022

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Seven in 10 European businesses expect to cut their investments in Russia this year as Western sanctions over the Ukraine invasion and Moscow’s countermeasures have forced them to revise their outlooks, according to an Association of European Businesses (AEB) survey.

The companies’ forecasts mark a dramatic reversal from their strong performance in