Inflation in Russia

Annual inflation in Russia near 7 percent

Annual inflation in Russia, based on weekly data, was near 7% in October, the Central Bank of Russia said in a report on monetary conditions and monetary policy transmission.

Situation in Russian economy under control - Putin

Measures taken by the Russian government deliver the planned result and the situation in the economy is under control, Russian President Vladimir Putin said at the meeting with the government.

Novak comments on situation with fuel prices at Russia's gas stations

The situation in the domestic fuel market remains stable, with prices at gas stations of vertically integrated companies and most stations rising in line with inflation, Russian Deputy Prime Minister Alexander Novak said on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

Key rate may fall to 10 percent - Aksakov

Russia's Central Bank could reduce its key rate to 10% by year's end, Anatoly Aksakov, Chairman of the State Duma Committee on Financial Markets, reported.

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