Putin outsmarts western sanctions | Russian economy shines as inflation dips below 4%
The Russian economy continues to show resilience even as major economies worldwide suffer from price shocks. Bloomberg reported that the price growth in Russia was well below the average in U.S. and Eurozone. Despite a year of sanctions from the west, Russia’s inflation is now at a fifth of its peak last year and is reportedly under the central bank’s 4% target for the first time since 2020.
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