Inflation in Russia has stopped accelerating and has stabilized at 16.7% in annual terms, Rosstat data show. Inflation has been steady at 0.2% for the third consecutive week, as the ruble has stabilized and consumer demand has weakened. In two or three years Russia could even see deflation as the money supply will begin to shrink due to high interest rates, curbing inflation as soon as the impact of the ruble depreciation and accelerated indexation of tariffs wanes, economists at BAML believe(…)
Russia is prepared to reboot dispute resolution with the European Union within the context of the WTO, moving it away from arbitration panels back to the level of negotiations. Moscow believes the ruble‘s depreciation has changed the situation, as Russian companies now have a natural advantage and cannot be accused of dumping. Russian import duties that the EU objects to could become a subject of these talks if the EU agrees to soften its position