Support The Moscow Times!
Contribute today

Gref Expects 9% Inflation

By The Moscow Times

Inflation may exceed 9 percent in 2011, Interfax reported, citing German Gref, chief executive of Sberbank, in an interview on state television.

There are no grounds to expect inflation to be less than 8.5 percent, while the rate is unlikely to be higher than 10 percent, the news service said, citing the interview on Monday.

The government’s current inflation target for next year is 6 percent to 7 percent, the news service said.

(Bloomberg)


… we have a small favor to ask.

As you may have heard, The Moscow Times, an independent news source for over 30 years, has been unjustly branded as a "foreign agent" by the Russian government. This blatant attempt to silence our voice is a direct assault on the integrity of journalism and the values we hold dear.

We, the journalists of The Moscow Times, refuse to be silenced. Our commitment to providing accurate and unbiased reporting on Russia remains unshaken. But we need your help to continue our critical mission.

Your support, no matter how small, makes a world of difference. If you can, please support us monthly starting from just 2. It's quick to set up, and you can be confident that you're making a significant impact every month by supporting open, independent journalism. Thank you.

Continue

Read more

zaporizhzhia region

Ukraine Drone Kills 2 in Frontline Region, Russian Official Says

"A man and a woman were killed as a result of a strike on a civilian car. Their four young children were orphaned," the Russian-installed head of Zaporizhzhia...
1 Min read
'false terrorist act'

Russian Law Enforcement Says Thwarted Fake Bomb Threat

Investigators said three members of an unidentified transportation security firm installed three fake bombs under two road bridges in the city of Tver...
1 Min read
fresh supplies

U.S. Rushes Ammo, Key Military Supplies to Ukraine

The bill's passage comes after months of delay that saw Ukrainian forces run short of ammunition and suffer battlefield setbacks.
3 Min read
News Analysis

What Next for Chechnya After Kadyrov Reported Seriously Ill? Experts Weigh In

Analysts were divided on the reported succession plan for Kadyrov — and whether the region would be plunged into turmoil following his death.
4 Min read