Novak pointed to the sustainability and active development of the Russian economy.

The Russian economy continues to demonstrate stability and active development. This was stated on June 10 by Russian Deputy Prime Minister Alexander Novak at the plenary session of the IV Tashkent International Investment Forum.

"In difficult geopolitical conditions, the Russian economy is demonstrating stability and active development," he said, noting that in 2024 the economic growth rate was 4.3%.

According to the Deputy Prime Minister, strengthening trade and economic ties with countries in Asia, the Middle East, Africa, and Latin America is a priority for Russia.

"The priority is <... building integration ties based on respect for the principle of sovereign equality of states," Novak added.

Breaking the trend: Inflation has finally started to slow down steadily

It is difficult to predict the Central Bank's decision on the rate so far

Russian Minister of Economic Development Maxim Reshetnikov said on June 3 that statistics show a noticeable slowdown in inflation in Russia. He added that the Russian economy has entered a cooling period after high growth rates in the past two years.