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 called for clarification on whether U.S. President Donald Trump has changed his position on the war in Ukraine following remarks made at th...
The European Union and Taliban officials held talks in Brussels on Tuesday on consular services and the situation of Afghans whose asylum applications...
Israel's defence minister said on Wednesday Israeli troops will not withdraw from southern Lebanon, highlighting a hurdle to Iran-U.S. peace talks, as...
Iran is preparing for a week-long farewell to former Supreme Leader Ayatollah Seyed Ali Khamenei, who was killed in February during Israeli-U.S. air r...
China’s anti-corruption authorities have launched an investigation into Bian Zhigang, a senior defence and space official, over suspected serious vi...
Russia has called for clarification on whether U.S. President Donald Trump has changed his position on the war in Ukraine following remarks made at the recent G7 summit in Evian-les-Bains.
Pakistan and Russia have agreed to deepen counterterrorism cooperation amid continuing concerns over militant threats emanating from Afghanistan, underlining growing alignment between the two countries on regional security.
Belarus has not sent its army into Ukraine, but it is no longer outside the war.
Ukraine said its forces had struck key energy installations inside Russia, including a gas processing plant and a helium facility in the Orenburg region, as drone assaults increased across multiple areas.
Tehran has agreed to let the International Atomic Energy Agency (IAEA) recommence inspections of its nuclear programme, U.S. Vice President JD Vance has said. The U.S. and Iran have settled on a 60-day roadmap aimed at reaching a final deal, according to mediators Qatar and Pakistan.
A Ukrainian strike has damaged a school building in a Russian-controlled area of Ukraine’s Zaporizhzhia region, according to local authorities cited by the TASS news agency. No injuries were reported in the incident.
Israel's defence minister said on Wednesday Israeli troops will not withdraw from southern Lebanon, highlighting a hurdle to Iran-U.S. peace talks, as the top U.S. diplomat tours the Middle East to win over allies sceptical about a proposed deal.
U.S. President Donald Trump said that Iran had agreed to nuclear inspections into "infinity, despite Tehran's denials, and that unfrozen Iranian assets would be used to buy humanitarian supplies from the United States.
Authorities in France are reporting that about 20 people have died over the weekend while swimming in unsupervised areas of rivers, lakes and coastal waters as they tried to escape the heatwave.
Turkish President Recep Tayyip Erdoğan has said he will “most likely” hold bilateral talks with U.S. President Donald Trump during next month’s NATO summit in Ankara, where the American leader is expected to attend.
Russia has called for clarification on whether U.S. President Donald Trump has changed his position on the war in Ukraine following remarks made at the recent G7 summit in Evian-les-Bains.
The European Union and Taliban officials held talks in Brussels on Tuesday on consular services and the situation of Afghans whose asylum applications have been rejected in Europe.
China’s anti-corruption authorities have launched an investigation into Bian Zhigang, a senior defence and space official, over suspected serious violations of discipline and law, officials said on Wednesday.
Alibaba, one of the world's largest technology and e-commerce companies, has sued the U.S. Pentagon after being added to a blacklist of firms it claims support China's military, escalating a dispute with potentially significant consequences for the company.
You can download the AnewZ application from Play Store and the App Store.
What is your opinion on this topic?
Leave the first comment