Russian President Vladimir Putin said on Tuesday that inflation in Russia has dropped below 7% year-on-year, marking what he called a “significant achievement” for the country’s economy.
Speaking at the annual VTB Investment Forum in Moscow, Putin said inflation was once estimated at double-digit levels in March but is now expected to fall to around 6% by the end of December, below both government and Central Bank forecasts.
“The reduction in inflation has been a significant achievement this year,” he told delegates, adding that Russia’s gross domestic product is projected to grow between 0.5% and 1% in 2025.
Addressing Russian and international participants at the forum, Putin said Moscow aimed to elevate cooperation with China and India “to a qualitatively new level” by strengthening the technological component of their partnerships. He said numerous joint projects were already underway in areas such as energy, industry, space, and agriculture.
“We have established a substantive dialogue on economic issues with President Xi Jinping,” Putin said. “We will also discuss these topics in detail during the upcoming visit to India with Prime Minister Narendra Modi, including increasing imports of Indian goods to our market.”
Putin begins a two-day visit to India on Thursday, his first in four years, where he is expected to pitch new deals in energy and defence, including sales of Russian oil, missile systems, and fighter jets. The visit comes as Moscow seeks to restore trade flows disrupted by Western sanctions and as New Delhi diversifies its energy sources.
Russia has long been a key arms supplier to India and, in recent years, one of its top oil exporters. However, India’s crude imports from Russia are set to hit a three-year low this month due to tighter sanctions, coinciding with a rise in its purchases of U.S. oil and gas.
Putin will be accompanied by Defence Minister Andrei Belousov and a large business delegation, underscoring Moscow’s intent to strengthen strategic and economic cooperation with its long-standing Asian partners.
Russia has violated an energy ceasefire announced by U.S. President Donald Trump, Ukrainian leader Volodymyr Zelen...
Here's your AnewZ Daily Brief for 12 October 2026 with the top five natural disasters happening around the world. ...
One person was killed and nearly a dozen hurt in a new attack Riyadh's international airport on Sunday, Saudi ...
The explosion at King Khalid International Airport in Riyadh on Saturday afternoon killed at least 12 people and injured a further 309, according to Saudi Arabia’s Civil Aviation Authority. The airport remains closed until further notice.
Yemen's Houthis renewed warning to airlines, airport workers, and travellers against using Saudi airports, saying the warning should be taken seriously and that the kingdom “bore responsibility for failed interceptions”, a day after an attack on Riyadh's international airport that killed 12 people.
One person was killed and nearly a dozen hurt in a new attack Riyadh's international airport on Sunday, Saudi authorities reported, a day after a strike claimed by Yemen's Houthis that killed 13 people and wounded more than 300.
The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
Ukraine is ready to stop attacks on Russian oil refineries if Moscow also halts strikes on Ukrainian energy infrastructure, President Volodymyr Zelenskyy said on Sunday.
Russia has violated an energy ceasefire announced by U.S. President Donald Trump, Ukrainian leader Volodymyr Zelenskyy said on Monday, urging Washington to step in to ensure that Moscow abided by the terms of the putative agreement.
Here's your AnewZ Daily Brief for 12 October 2026 with the top five natural disasters happening around the world.
The Houthi movement has escalated their attacks on Saudi Arabia, targeting the airport in Riyadh and other cities, killing more than a dozen people.
Ukrainian President Volodymyr Zelenskyy said on Monday that Ukraine is ready to respect the energy ceasefire announced by U.S. President Donald Trump, but only if Russia does the same, saying Moscow has already violated the agreement.
China has announced sanctions against Belize’s foreign minister and Paraguay’s communications minister over their countries’ diplomatic ties with Taiwan. The move comes as Beijing continues to pressure the few remaining nations that maintain formal diplomatic relations with Taipei.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment