Kazakhstan's manufacturing remained under pressure in May, PMI data shows
1 day ago
Russia's inflation rate has fallen below 6%, Economy Development Minister Maxim Reshetnikov stated in an interview with RT.
The inflation decline comes as Russia's Central Bank has maintained elevated interest rates to control price pressures following significant rouble depreciation earlier in the year.
"It is worth emphasising the main thing: the Russian economy has maintained its stability. We have positive growth rates, declining inflation, a stable budget situation, low levels of government debt and a strong rouble," Reshetnikov stated.
The minister noted that all major investment projects continue to be implemented in Russia, with the financial system continuing to support the country's development.
Reshetnikov previously stated that inflation in Russia at the end of 2025 would reach up to 5.7%, with fluctuations of 0.1 percentage points in either direction considered acceptable.
The economy has adapted to Western sanctions imposed after the start of military operations in Ukraine in February 2022.
Russia's economy has demonstrated resilience through redirected trade flows toward Asia and the Middle East, with approximately 87% of trade now conducted with non-Western countries, according to Deputy Prime Minister Alexei Overchuk.
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