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%.

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.

Speaking at a televised meeting with Prime Minister Mikhail Mishustin on Feb. 7, Putin noted that consumer prices in Russia rose by 9.5% in 2024 and have climbed further to 9.9% year-on-year this month.

The President of Russia, Vladimir Putin, has acknowledged that inflation remains a significant "challenge" for the country's economy. He has instructed the government to implement measures to reduce inflation by 2025,

Russian President Vladimir Putin on Friday acknowledged that inflation remains a major “challenge” for the country’s economy and ordered the government to work on lowering it in 2025. Consumer prices in Russia rose by 9.