Russia's economy grew by 4.1% in 2024, Russian Prime Minister Mikhail Mishustin told President Vladimir Putin on Friday, slightly better than an official forecast of 3.9%.

Inflation has become a significant concern for both the Russian economy and consumers, who have witnessed rising prices for basic goods in supermarkets.

The President of Russia, Vladimir Putin, acknowledged that inflation remains a serious "challenge" for his country's economy and instructed the government to take measures to reduce it by 2025, reports "The Moscow Times.

Russian President Vladimir Putin acknowledged on Feb. 7 that inflation remains a major challenge for the country’s economy and directed the government to develop measures to lower it in 2025. Speaking at a televised meeting with Prime Minister Mikhail Mishustin,