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  • Russian Economy Shows Steady Growth Despite Western Sanctions

    NOVO-OGARYOVO (Moscow Region) (Sputnik) - Russian economy grew 1.4 percent last year, while the inflation rate has reached record lows despite economic sanctions imposed by Western countries, Russian President Vladimir Putin said. Russian GDP increased 1.4 percent last year, inflation indicators slowed to record values. Last year, the [price] increase was 2.5 percent and it continues to slow down this year," Putin said late Wednesday. Russia faced an economic setback after the United States and the European Union imposed sanctions against Moscow in 2014 following the escalation of the Ukrainian crisis and Crimea's unification with Russia. However, the Russian economy ultimately has started to show signs of recovery after a number of economic reforms were introduced.

    | Sputnik International | 5 min read

Subject Articles

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    'Sacrosanct' Sentinel: US Keeps Russian Diplomatic Compounds Closed for Everyone

    WASHINGTON (Sputnik) - The Russian Embassy on Wednesday bashed the United States for "unmotivated" and "hostile" actions after its ambassador was denied access to Russian diplomatic properties in the country. "Promises made by the Assistant Secretary for Diplomatic Security Michael Evanoff that our properties are fine cannot be trusted," it said in a statement. Earlier on in the day, US Assistant Secretary for Diplomatic Security Michael Evanoff told Sputnik that local law enforcement was ensuring Russia’s closed diplomatic properties in the United States remain untouched and secure. So, they keep it [diplomatic properties] sacrosanct," Evanoff said. After Russian diplomatic staff left the compounds, US security agents entered the premises to conduct searches.

    Sputnik International - World | 9 min read
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    Russian Finance Minister: 'Kremlin Report' Has No Impact on Listed Officials

    MOSCOW (Sputnik) - Russian Finance Minister Anton Siluanov said that Russian officials would not be affected by Washington's so-called "Kremlin report" because they have no foreign bank accounts and real estate abroad. The US Treasury Department published its "Kremlin report" early on Tuesday, which lists 114 Russian politicians and 96 business leaders who may later be targeted with sanctions. We have been working with Russian banks via Russian technologies for ages. The so-called "Kremlin report" was prepared in accordance with the US Countering America's Adversaries Through Sanctions Act (CAATSA), that was enacted by US President Donald Trump on August 2. Russian President Vladimir Putin characterized the report as an "unfriendly move" by the United States that harmed relations between Moscow and Washington.

    Sputnik International - Breaking News & Analysis - | 7 min read