The Moscow Stock Exchange declined. Find out the results after the close today, Friday
At the same time, it ended lower by 17.88 points, or 2.00%, compared to the previous trading close, to reach 875.34 points.
Russian economy
A few days ago, estimates by the Russian Ministry of Economy indicated an increase of 3.6 percent on an annual basis in November.
She indicated that this comes compared to 3.2 percent in the previous month, explaining that the gross domestic product rose four percent in the period from January to November.
The Russian Central Bank had kept interest rates unchanged at its last meeting at 21 percent.
Inflation in Russia
This postpones further increases, while struggling to curb inflation resulting from government spending on the war against Ukraine.
Russian President Vladimir Putin also stated in an annual press conference that the economy may grow by 4% this year.
But Putin made it clear at the same time that inflation is a worrying signal, stressing that the Russian economy is stable despite some hyperinflation that has led to higher prices.
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