The German statistics office Destatis has reported another jump in inflation in May as food and energy prices continue to climb. Annual inflation in Europe’s top economy has reached 7.9%, the highest level since the 1973 oil crisis.
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The Russian president visited an aircraft plant, inspecting four newly modernized Tu-160M strategic bombers President Vladimir Putin visited the Kazan aircraft plant in Russia’s Tatarstan Republic on Wednesday, inspecting four strategic bombers.
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Russian Railways (RZD) said on Thursday it was unable to make coupon payments on its dollar-denominated Eurobonds on time due to technical problems with Western banks. The company was hit with UK sanctions last month, so any bond payments are considered frozen assets and blocked on the account of the agent bank.
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