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Published on: 06/06/2026 - 00:27

Russia faces rare criticism from sanctioned businessmen who warn of a sharp slowdown in the economy due to tight monetary policy. The Russian Central Bank is still keeping interest rates at high levels of approximately 14.5%, after previously exceeding 20%, and despite its success in reducing inflation from 10% to 5.6%, it is putting strong pressure on investments. At the St. Petersburg Forum, President Putin responded in defense of the growth of his economy, noting that his country's public debt does not exceed 16.4% of GDP, compared to record debt levels in several European countries, most notably France.

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