Tue, 21-Oct-2025

Russia inflation hits 20 year high in April

Annual inflation in Russia reached a two-decade high of 17.8 percent in April, fueled by Western sanctions over Moscow’s military campaign in Ukraine, according to the statistics agency on Friday. Since President Vladimir Putin sent troops into Ukraine on February 24, Russia has faced a barrage of international sanctions, including embargoes on key exports, which … Read more

Russians face soaring costs and tough choices this New Year

Russians

MOSCOW: Walking through a freezing market in Moscow earlier this month, 60-year-old Sergei Borisovich recalled that he rang in the last New Year at a table laden with festive delicacies. This year, the factory worker, who declined to give his last name, said a spike in prices meant he would have to forego caviar and other … Read more