
Deputy Chairman of the Central Bank Alexei Zabotkin said that the slowdown in inflation in Russia has stopped due to the disposal of production and logistics capacities due to drone attacks.
AI-generated summary
The Bank of Russia raised inflation expectations to 6.6 percent in the September consensus forecast.
The slowdown in inflation in Russia has stopped due to the retirement of production and logistics capacity, which is associated with drone attacks. Deputy Chairman of the Central Bank Alexey Zabotkin stated this at a meeting of the State Duma Committee on Budget and Taxes, TASS reports.
According to him, more restrained demand growth played a positive role in 2025 and the first half of 2026, but now the situation has changed.
Earlier, the Bank of Russia worsened its assessments of the economy in the September consensus forecast, including inflation expectations that were raised from 6.2 percent to 6.6 percent.
Last week, year-to-date price growth reached 5.94 percent, 1.13 percentage points higher than the same period last year. Weekly inflation amounted to 0.96 percent, which is associated with an increase in tariffs for housing and communal services from October 1.

A failure in Yandex data centers led to problems in the work of Yandex Pay. Lawyer Alexander Khaminsky explained that technical problems do not mean a loss of funds, since the bank’s obligations to clients remain in accordance with the legislation of the Russian Federation.

Russian Finance Minister Anton Siluanov stated that the national budget is designed to withstand global market fluctuations, noting a reduction in the base crude oil price used for federal expenditure calculations to $50 per barrel for the next three years.

The European Union included the Russian developer Samolet and its CEO Anna Akinshina on the sanctions list. The reason was the use of labor from North Korean workers on construction sites in Vladivostok, which violates UN sanctions.

The draft federal budget for 2027-2029 allows us to continue easing monetary policy, said Deputy Chairman of the Central Bank Alexei Zabotkin. Rising costs are offset by taxes, but drone attacks and capacity retirements are preventing inflation from slowing.

American scientists Robert Hall and Michael Woodford won the 2026 Nobel Prize in Economics for developing macroeconomic models for overcoming crises.

Russian President Vladimir Putin, at a meeting with the chairman of Business Russia, Alexei Repik, said that Russian business effectively responds to challenges, and the state guards its interests.