Russia’s response would be “extremely harsh,” Foreign Ministry spokeswoman Maria Zakharova has warned Russia would consider Western nations “thieves” and would respond with “very harsh” countermeasures should its frozen assets be confiscated,…
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Major Russian automaker planning to launch production in African nation – envoy
Ethiopia could start assembling Lada vehicles, according to Evgeny Terekhin Ethiopia and Russian carmaker Lada are working on plans to set up a production facility in the country, Moscow’s ambassador to Addis…
Protesters burn Western flags (VIDEO)
People in the Democratic Republic of the Congo are demanding that the US and others leave the country for failing to stop rebels Protesters in the Democratic Republic of the Congo (DR…
No Khan do: With the favorite in jail and violence rising, Pakistan’s elections look like a problem not the solution
National polls held last week resulted in no party securing a clear majority. However, forming a government is not the key challenge Independent candidates linked to the Tehreek-e-Insaf (PTI) party led…
Franklin Templeton Joins Ethereum ETF Race
Franklin Templeton Joins Ethereum ETF Race By Helene Braun of CoinDesk Franklin Templeton has applied for a spot Ethereum exchange-traded fund, a filing with the Securities and Exchange Commission shows. The asset…
IMF admits surprise at Russian economic strength
The Washington-based fund had previously been criticized for its optimistic assessment of Russia’s economy The Russian economy has been growing faster than many economists projected, IMF First Deputy Managing Director Gita Gopinath…
White House Chaos: Susan Rice Slammed “Bitch Ass” Becerra Over Border; Biden “Exploded” With Rage
White House Chaos: Susan Rice Slammed “Bitch Ass” Becerra Over Border; Biden “Exploded” With Rage Axios is out with a damning report. Apparently in January of 2023, President Biden completely lost his…
Top Russian MP fumes over ‘sacrilegious’ Ukrainian idea
An official in Kiev wants to dig up the tomb of Imperial Russian PM Pyotr Stolypin and use his remains as a bargaining chip A Ukrainian proposal to remove the remains of…
US in talks with G7 over frozen Russian assets
The EU is already pursuing plans to transfer the interest accumulated on Moscow’s funds to Ukraine The US is in discussions with other G7 nations on potential ways to seize frozen Russian…
House Bill Would Downgrade US-South Africa Ties Over “Anti-Semitic & Anti-Israel Related” Actions
House Bill Would Downgrade US-South Africa Ties Over “Anti-Semitic & Anti-Israel Related” Actions There’s a move in the US House of Representatives to potentially downgrade the United States’ formal relations with South…
EU might sanction Chinese and Indian firms – FT
Companies from the bloc’s major trading partners could face curbs over links with Russia, the paper said The EU is seeking to include restrictions against Chinese and Indian companies in a 13th…
Mann Behind The ‘Hockey Stick’ Begins To Question Climate Alarmism
Mann Behind The ‘Hockey Stick’ Begins To Question Climate Alarmism Authored by Graham Young via The Epoch Times (emphasis ours), Could Michael Mann, the inventor of the so-called Hockey Stick graph, be…
Giving Kiev more money ‘insane’ and ‘cruel’ – Tucker Carlson
Continued Western aid will only result in more dead Ukrainians, not Russian defeat, the journalist has predicted US senators who intend to send an additional $60 billion in aid to Ukraine will…
US Moves Forward With $23BN Warplane Sale To Turkey
US Moves Forward With $23BN Warplane Sale To Turkey Via The Cradle Washington is set to proceed with a $23 billion sale of F-16 warplanes, missiles, and bombs to Turkey following Ankara’s acceptance of…
A Small Arizona Town Prepares To Fight State Over Illegal Immigration
A Small Arizona Town Prepares To Fight State Over Illegal Immigration Authored by Allan Stein via The Epoch Times (emphasis ours), As a small rural town in Arizona, Springerville has what it…
Germany slams Trump’s NATO threat
The former US president stoked outrage by saying he would encourage Russia to attack NATO states that don’t “pay their bills” German Chancellor Olaf Scholz took a veiled jab at ex-US President…
February 13th – 2024 Presidential Politics – Resistance Day 1120
In an effort to keep the Daily Open Thread a little more open topic we are going to start a new daily thread for “Presidential Politics”. Please use this thread to post…
UK to face long-term cost of Brexit – Goldman Sachs
The country’s departure from the EU has reduced the size of its economy, analysts say The UK has paid a high price for Brexit, which has spurred inflation and trimmed the size…
German economy has probably stalled – Bloomberg survey
Growth in the EU’s powerhouse has gotten off to a slow start this year due to persistent economic headwinds, analysts believe The German economy has probably failed to grow again at the…
Tuesday February 13th – Open Thread
Our Father, who art in heaven, hallowed be thy Name. Thy kingdom come. THY WILL BE DONE, on earth as it is in heaven. Give us this day our daily bread. And…
Top-down or bottom-up? As elections approach, Modi-led party is set to test two economic philosophies
For the first time in modern India, the government has come out openly in support of economic reforms, and spoken out against populism at the same time Last week, India’s ruling Bharatiya…
Trump asks Supreme Court to review his immunity
The former president’s legal team slammed a lower court’s ruling as a “stunning breach of precedent” Former President Donald Trump has asked the Supreme Court to invalidate a previous ruling which said he…
John Fetterman Is Not The Progressive Politician Everyone Thought He Was
John Fetterman Is Not The Progressive Politician Everyone Thought He Was Authored by Beth Brelje via The Epoch Times (emphasis ours), Financial backing from progressive Democrats helped John Fetterman flip a long-held…
Fani Willis Disqualification Is “Possible,” Judge Says
Fani Willis Disqualification Is “Possible,” Judge Says By Catherine Yang of The Epoch Times Fulton County Superior Judge Scott McAfee confirmed on Feb. 12 that the hearing about misconduct claims against Fulton…
House GOP Seeks Biden-Hur Dementia Transcripts, Recordings
House GOP Seeks Biden-Hur Dementia Transcripts, Recordings Three House committees have asked the DOJ to turn over transcripts and recordings of President Joe Biden’s interviews with special counsel Robert Hur, following an…
Houston Church Shooter Identified As Transgender With A Long Criminal History
Houston Church Shooter Identified As Transgender With A Long Criminal History Authored by Tom Ozimek via The Epoch Times, A shooter who was killed by off-duty police officers after opening fire at…
Ukraine aid bill is a Trump impeachment ‘time bomb’ – US senator
The legislation is a “deep state” effort to undermine a possible Donald Trump presidency, a Republican senator claimed Republican Senator JD Vance has argued that a new bill proposing additional military aid…
Invasion Spreads To Unfenced US Northern Border Amid “Record-Breaking Surge” Of Illegal Entries Detected
Invasion Spreads To Unfenced US Northern Border Amid “Record-Breaking Surge” Of Illegal Entries Detected As the Biden administration and “shadowy network of secretive nonprofits” facilitate the greatest migration invasion this nation has…
Best And Worst Metro Areas For First-Time Buyers In 2024
Best And Worst Metro Areas For First-Time Buyers In 2024 Submitted by Sam Bourgi of CreditNews The past few years have been one of the worst periods for first-time homebuyers in America’s…
CRE Crash Unfolding: “Yes That’s Not A Typo – It Literally Sold For $9 Per SQFT”
CRE Crash Unfolding: “Yes That’s Not A Typo – It Literally Sold For $9 Per SQFT” In a commentary, Neil Callanan of Bloomberg highlighted, “The commercial real estate crash unfolding in the US is…
Democrats Strongly Support Mail-In Voting While Republicans Oppose, Poll Shows
Democrats Strongly Support Mail-In Voting While Republicans Oppose, Poll Shows Authored by Aaron Pan via The Epoch Times (emphasis ours), Voters use an optional paper ballot voting booth to cast their votes…
Court Orders Netherlands To Halt F-35 Parts For Israel As EU Says “Too Many People” Are Dying
Court Orders Netherlands To Halt F-35 Parts For Israel As EU Says “Too Many People” Are Dying Israel’s worst nightmare is beginning to unfold. It has worked for years and decades to…
Tucker Carlson Makes First Post-Putin Appearance at World Government Summit 2024 in Dubai
The World Governments Summit is an annual event held in Dubai, United Arab Emirates. This year the highlight of their exchange of knowledge was the recently returned Tucker Carlson. This was Tucker’s…
Hospitalized Pentagon chief to skip NATO meeting on Ukraine
Lloyd Austin was treated under general anesthesia during his latest medical emergency US Defense Secretary Lloyd Austin has undergone undisclosed “non-surgical procedures” after he was hospitalized with a bladder issue over the…
President Trump Asks Supreme Court to Decide “Presidential Immunity” Legal Status
As expected, the lawyers representing Donald Trump have asked the Supreme Court to intervene in the DC appellate court decision on presidential immunity. [SEE pdf Here] At the heart of the matter…
Victor Davis Hanson: The Absurd Border Con
Victor Davis Hanson: The Absurd Border Con Authored by Victor Davis Hanson via The Epoch Times, In 2021, President Joe Biden opened wide an inherited, secure southern border that had finally stopped…
Listen In: Musk, Vivek, Vance, Sacks And Mike Lee Discuss “Impeachment Time Bomb” Hidden In Ukraine Funding Bill
Listen In: Musk, Vivek, Vance, Sacks And Mike Lee Discuss “Impeachment Time Bomb” Hidden In Ukraine Funding Bill On Monday, Sen. J.D. Vance (R-OH) shared a memo sent to his Republican colleagues…
Satanic Temple Claims Abortion Is Part Of Their Religion In Effort To Block Abortion Bans
Satanic Temple Claims Abortion Is Part Of Their Religion In Effort To Block Abortion Bans Authored by Darlene McCormick Sanchez via The Epoch Times (emphasis ours), A pro-life activist holds a plastic…
The Hole in Biden’s Marble Bag is Bigger Now
He’s losing it faster now. There’s no way Biden can make it to the general election. In my own estimation, Gavin Newsom is still the convention nominee, with a soft exit for…
Boston Couple Sign Up To House Illegal Immigrants, Get Four Delivered Within An Hour
Boston Couple Sign Up To House Illegal Immigrants, Get Four Delivered Within An Hour Authored by Steve Watson via Modernity.news, A couple in Boston signed up to a government scheme to house…
Nuclear-armed Poland is ‘very real’ – NATO general
Jaroslaw Kraszewski believes Warsaw should host US atomic weapons Having nuclear weapons is a powerful deterrent and something Poland should look into going forward, a retired Polish Army general said in an…
Trump Asks Supreme Court To Intervene In Immunity Appeal
Trump Asks Supreme Court To Intervene In Immunity Appeal Former President Donald Trump asked the Supreme Court on Monday to step in and weigh in on his claim of presidential immunity after…
Tucker Carlson Discusses Russia and the Big Question, “Are We Being Played by Western Intel?”
Here’s the baseline context of my review on this discussion provided by Tucker Carlson, as he takes part in the “World Government Summit at What’s Next for Storytelling?” Tucker is shocked, shocked…
Institutions Double Down On AI In trading — JPMorgan Survey
Institutions Double Down On AI In trading — JPMorgan Survey Authored by Helen Partz via Cointelegraph.com, Institutional investors have been increasingly betting on the role of artificial intelligence (AI) in the future…
Why Are Solar Panels 44% Cheaper In China Than The US?
Why Are Solar Panels 44% Cheaper In China Than The US? Authored by Mike Shedlock via MishTalk.com, The US wants to break into the solar panel business. Doing so, if its possible…
0DTE Punters Pump And Dump Momentum Stocks As “Parabolic” Tech Hits An Airpocket
0DTE Punters Pump And Dump Momentum Stocks As “Parabolic” Tech Hits An Airpocket For a few hours there it seemed like the “market” was about to blast off in a carbon-copy replica…
Too old for the court, but not for the White House: Biden’s escape from justice is peak absurdity
The US president has predictably been let off the hook for mishandling state secrets and jeopardizing national security A US prosecutor’s report rationalizing why President Joe Biden won’t face justice for his…
France to end some birthright citizenships to curb immigration
For now the measure would only apply to the Indian Ocean island of Mayotte The French government will amend the constitution to discontinue the practice of “birthright citizenship” in its department of…
Australian politician blames prescription drugs for drunk video
Former deputy prime minister Barnaby Joyce was filmed swearing while lying on a Canberra sidewalk with his feet in a planter box Former Australian deputy prime minister Barnaby Joyce has admitted he…
Swiss hotel bans jews from skis
A mountain hotel in Davos has denied the rental of skiing equipment to Jewish guests, citing persistent unruly behavior The Pischa mountain restaurant hotel in Davos, Switzerland, has announced it will no…
NATO Chief Shocks With Prediction Of ‘Decades-Long Confrontation’ With Russia
NATO Chief Shocks With Prediction Of ‘Decades-Long Confrontation’ With Russia NATO Secretary General Jens Stoltenberg issued some shocking words over the weekend which the Kremlin will likely take as a threat. “NATO…
Meet Dr. Kathleen Hicks – SecDef Austin’s Presumptive Replacement Woke Deep-Stater
Meet Dr. Kathleen Hicks – SecDef Austin’s Presumptive Replacement Woke Deep-Stater Authored by Bob Bishop via Sonar21.com, Lloyd Austin underwent an invasive surgical procedure called a prostatectomy for his prostate cancer. He…
Biden Rejects Putin’s Offer For Negotiations On Ukraine Issued In Tucker Carlson Interview
Biden Rejects Putin’s Offer For Negotiations On Ukraine Issued In Tucker Carlson Interview Last week in the wake of the Tucker Carlson interview with Russia’s President Putin, we highlighted that Putin’s offer…
NATO member to stop sending F-35 parts to Israel
A Dutch court has blocked the exports, citing risk of human rights violations in Gaza The Appeals Court in The Hague ruled on Monday that the Netherlands must stop sending Israel spare…
Stocks Hit All Time High On “New Era In Productivity And Profitability”… Except, We’ve All Seen This Before
Stocks Hit All Time High On “New Era In Productivity And Profitability”… Except, We’ve All Seen This Before By Benjamin Picton of Rabobank Authentic Foolishness? Another day, another record for the S&P500….
Northern Exposure: Fatal ‘Alaskapox’ Infection Reported Near Anchorage
Northern Exposure: Fatal ‘Alaskapox’ Infection Reported Near Anchorage Alaska health officials have documented the first fatal case of Alaskapox virus (also known as “AKPV”) in an elderly man from the Kenai Peninsula,…
Not Just The UNRWA, Shut Down The UN
Not Just The UNRWA, Shut Down The UN Authored by Roger Simon via The Epoch Times, As if the participation of United Nations Relief and Works Agency for Palestine Refugees in the…
Israel Rescues Two Hostages In Daring Raid As Rafah Assault In Full Swing
Israel Rescues Two Hostages In Daring Raid As Rafah Assault In Full Swing Overnight and into Monday Israel’s ground and air operation against Hamas in the southern Gaza city of Rafah appears…
Tucker Carlson reviews Putin interview and reveals what ‘radicalized’ him
The American journalist was himself the subject of questioning at the World Government Summit in Dubai Following his two-hour interview with Russian President Vladimir Putin in Moscow, US journalist Tucker Carlson opened…
‘I’m ready to serve’ – Kamala Harris
The vice president is eager to step in should the US President Joe Biden end up deemed unfit for the office US Vice President Kamala Harris is ready to replace President Joe…
Squatters Are Taking Over Homes All Over The Nation On An Industrial Scale And Turning Them Into Dens Of Crime
Squatters Are Taking Over Homes All Over The Nation On An Industrial Scale And Turning Them Into Dens Of Crime Authored by Michael Snyder via The Economic Collapse blog, Squatting has always…
Bitcoin Soars Above $50,000 For The First Time Since Dec 2021, After Surge In ETF Inflows
Bitcoin Soars Above $50,000 For The First Time Since Dec 2021, After Surge In ETF Inflows Three weeks ago, when the general public was confused by the relentless selling in crypto following…
Only A Third Of NATO Countries Are ‘Paying Their Fair Share’
Only A Third Of NATO Countries Are ‘Paying Their Fair Share’ Former U.S. President and current presidential candidate Donald Trump was criticized Monday by Republicans after he said Saturday at a rally that he…
Kremlin skeptical about Finland’s president-elect
Moscow expects no improvement of relations with Helsinki under Alexander Stubb Russia respects the choice of the Finnish people, who elected former prime minister Alexander Stubb as their new president, but does…
Biden privately disses Netanyahu – media
US president Joe Biden has reportedly called his Israeli counterpart an ‘assh*le’ over Israeli intransigence on Gaza US President Joe Biden has not modified his Israel policy despite mounting frustration with Prime…
EU makes decision about frozen Russian funds
The bloc has approved a measure that would let it seize the interest earned by sanctioned assets The European Union on Monday took a step towards confiscating the interest earned by Russian…
3-Year Inflation Expectations Tumble To Lowest On Record, As Earnings Expectations Suddenly Surge
3-Year Inflation Expectations Tumble To Lowest On Record, As Earnings Expectations Suddenly Surge One month after inflation expectations tracked by the NY Fed Consumer Survey extended their recent slide, when in December…
Birth of a myth: By replacing his top general, Zelensky has laid a trap for himself
Valery Zaluzhny’s political ambitions are boosted by Ukraine’s president, who just removed the commander from leading a doomed war In his masterpiece, the pre-World War II ‘Le fil de l’épée,’ a young…
EU state’s dependence on Russian gas soars to 98% – energy minister
Austria has actually increased imports from the sanctioned country due to a lack of affordable alternatives The share of Austria’s gas imports from Russia has continued to grow, hitting a record high…
Dog bites Kiev’s top diplomat
Foreign Minister Dmitry Kuleba suffered a minor leg wound during a scuffle between his own pets and a larger canine Ukrainian Foreign Minister Dmitry Kuleba has been bitten by a “large dog”…
G7 looking to create a ‘special envoy’ for Ukraine – Russia’s top spy
NATO chief Jens Stoltenberg is being considered for the job, the head of Moscow’s Foreign Intelligence Service has claimed The West wants to create a new “special envoy” to Kiev who would…
The Catalyst That Could ‘Standardize’ Bitcoin
The Catalyst That Could ‘Standardize’ Bitcoin Submitted by QTR’s Fringe Finance Today in my series called “things people following Bitcoin for the last 13 years have already figured out but I’m presenting…
Israel blasts Moody’s downgrade
The decision was political and did not put forward any ‘serious’ economic claims, according to Finance Minister Bezalel Smotrich Israeli leaders have lashed out against Moody’s downgrade of the country’s credit ratings…
Red Sea Ship Resorts To Broadcasting “All Muslim Crew” In Effort To Avoid Houthi Attacks
Red Sea Ship Resorts To Broadcasting “All Muslim Crew” In Effort To Avoid Houthi Attacks Commercial vessels sailing through the Red Sea have been broadcasting that they’re not connected with Israel and…
Russian Army Now Using Musk’s Starlink On Front Lines, Ukraine Says
Russian Army Now Using Musk’s Starlink On Front Lines, Ukraine Says The Russian military is now using Starlink communications terminals along the front lines of the war in Ukraine, according to claims…
Key Events This Week: CPI, PPI, Retail Sales And Lots Of Fed Speakers
Key Events This Week: CPI, PPI, Retail Sales And Lots Of Fed Speakers As DB’s Jim Reid sets the scene in his weekly preview, “welcome to Valentines’ week” and a reminder that…
Could Trump Win By Simple Attrition Rather Than Vindication?
Could Trump Win By Simple Attrition Rather Than Vindication? Authored byJonathan Turley, While Woody Allen once said that “80 percent of success is showing up,” former president Donald Trump proved this week that…
Inflation Uncertainty Leaves Global Bonds On Thin Ice
Inflation Uncertainty Leaves Global Bonds On Thin Ice Authored by Simon White, Bloomberg macro strategist, Inflation may have fallen from its peak around the world, but in the inflationary regime in which…
African state issues warning to Israel
Egyptian officials reportedly say Cairo could be forced to terminate a 1978 peace pact in response to the Gaza war Egypt has threatened to suspend the Camp David treaty, a peace accord…
Fear of Russia on decline in G7 – survey
Only the citizens of the UK and Japan still consider Moscow the main threat, a study by the Munich Security Conference revealed Russia isn’t the main security concern for residents of the…
Putin wants to end Ukraine conflict – Tucker Carlson
The Russian leader’s position is hardening with each passing day, the US journalist said Russian President Vladimir Putin is willing to engage in diplomacy to end the fighting in Ukraine, but the…
Kremlin comments on Starlink claims
SpaceX CEO Elon Musk has denied supplying satellite internet terminals to Moscow following allegations from Kiev The Russian military never officially ordered SpaceX’s Starlink satellite internet terminals and they are not certified…
India’s neighbors adopt its digital payment system
New Delhi has launched its Unified Payment Interface in Sri Lanka and Mauritius, bolstering its influence in the region The leaders of India, Mauritius, and Sri Lanka have virtually launched New Delhi’s…
In Latest Oil Megadeal, Diamondback Buys Endeavor For $26BN Creating Permian Giant
In Latest Oil Megadeal, Diamondback Buys Endeavor For $26BN Creating Permian Giant Last year, when the full extent of the unprecedented consolidation wave in the shale sector gradually became apparent, we speculated…
Russia’s trade with key BRICS partners now almost dollar-free
95% of the country’s transactions with India and China were conducted in local currencies last year National currencies were used in 95% of Russia’s trade with China and India last year, the…
Is The US Credit Cycle About To Get A New Lease On Life?
Is The US Credit Cycle About To Get A New Lease On Life? Authored by Simon White, Bloomberg macro strategist, A drop in bankruptcy filings suggests that credit conditions are improving, despite…
US should not ‘interfere in our internal affairs’ – ex-Soviet republic
Kyrgyz President Sadyr Japarov has chastised the US Secretary of State for criticizing a proposed law on foreign agents Washington should audit NGOs that it funds in Kyrgyzstan for possible corruption instead…
Houthis Say “American Ship” Hit By Missiles In Red Sea
Houthis Say “American Ship” Hit By Missiles In Red Sea President Biden’s Operation Prosperity Guardian to shield commercial vessels in the Red Sea, along with US and UK bombing raids across the…
ABC News Poll: Almost 90% Believe Biden Isn’t Fit To Serve
ABC News Poll: Almost 90% Believe Biden Isn’t Fit To Serve Authored by Steve Watson via Modernity.news, A poll conducted in the wake of probably the worst week of his Presidency has…
Futures Flat As Tech Stocks Extend Gains
Futures Flat As Tech Stocks Extend Gains After a record-matching 14 weeks of gains in the past 15 pushed the S&P to a new all-time high above 5000 last week on unbridled…
Russian nationalist and staunch anti-Soviet: The legacy of Solzhenitsyn 50 years after his deportation from the USSR
Who was the country’s greatest social and political philosopher of the 20th century, and what were his main ideas? Among the many great Russian writers of the 20th century, one man stands…
Africa gets more free fertilizer from Russia
The humanitarian delivery has been transported to Beira, Mozambique, and will proceed onward to Zimbabwe A ship carrying 23,000 metric tons of fertilizers has reached and fully offloaded at the port city…
Polish farmers ‘pro-Russian’ – Ukrainian mayor
The official made the claim after protesters dumped grain from vehicles trying to enter Poland Protesting Polish farmers, who offloaded grain from Ukrainian trucks onto a road near the countries’ shared border,…
It’s Good To Be King: These Are The World’s Richest Monarchs
It’s Good To Be King: These Are The World’s Richest Monarchs They’re the original wealthy, the original elite – coming from long lines of succession that sat atop the economy and society…
Civilian vessel attacked off Yemeni coast – UK Navy
Houthi militants have been targeting merchant ships in the Red Sea for months in response to Israel’s military operation in Gaza A civilian ship has come under fire off the coast of…
Most Americans believe Biden and Trump too old to be president – survey
A poll has found that an overwhelming majority of US voters think the two leading presidential candidates are unfit to serve A large majority of US voters believe 81-year-old president Joe Biden…
Germany’s Industrial Superpower Days Are Over, A Green “Victory”
Germany’s Industrial Superpower Days Are Over, A Green “Victory” By Mish Shedlock of MishTalk German Industrial production peaked in November of 2017. Germany’s IP has since fallen to a level first seen…
Gen-Zers Give Up On Tiny Homes As ‘Car Living’ Takes Off
Gen-Zers Give Up On Tiny Homes As ‘Car Living’ Takes Off Bidenomics has been disastrous for America’s youth, who are coming to age in an era marked by worthless college degrees, accumulating…
Will Commercial Real Estate Trigger The Next Crisis?
Will Commercial Real Estate Trigger The Next Crisis? Authored by Daniel Lacalle, The latest inflation figures in the United States look relatively positive, with a slight decline in annualized inflation rates. However,…
Russian economic activity at high level – Putin
The president has urged the government to maintain a balance between pursuing economic development and price stability Economic activity in Russia at the beginning of the year remains strong, according to President…