Russia: Medvedev to postpone Bashneft privatization

Russian Prime Minister Dmitry Medvedev has decided to postpone privatization of the oil company Bashneft, and the decision was supported by the president Vladimir Putin, Medvedev’s press secretary Natalya Timakova reported. “Yes, the Prime Minister made a decision and the president approved of it – to delay privatization of Bashneft”, Timakova said. The Federal State…

Russia: inflation at zero in August 2016

Russian consumer prices remained flat from August 9 through August 15, after two weeks of a 0.1% contraction, while inflation since January 1, stood at 3.8%, the Federal State Statistics Service said. In August 2015, prices grew by 0.4% MoM and 9.8% since January 1, 2015. Prices for fruit and vegetables fell by 3.4% on…