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RUSSIA: N. Korea Sends Foreign Minister to Russia for Second Trip This Year

RUSSIA
  • North Korea sent its foreign minister to Russia for her second trip in less than a year, Bloomberg report. The move comes as Pyongyang readies for a parliamentary meeting that will likely approve measures that raise tensions with South Korea. The exchange of high-level delegations is a sign of the deepening cooperation between the neighbours, and comes after Russia last week dispatched Security Council Secretary Sergei Shoigu to Pyongyang for talks with leader Kim.
  • Vedomosti report that Russia's economy ministry expects annual inflation to slow to 8.1% at the end of September from 9.05% in August, citing its baseline forecast for 2025-2027. Price growth is expected to slow across the board, including to 8.1% from 9.72% for food, to 5.4% from 6.09% for non-food goods and to 10.6% from 11.73% for services.
  • There are no major data releases scheduled for today. PPI figures for August will cross tomorrow afternoon.
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  • North Korea sent its foreign minister to Russia for her second trip in less than a year, Bloomberg report. The move comes as Pyongyang readies for a parliamentary meeting that will likely approve measures that raise tensions with South Korea. The exchange of high-level delegations is a sign of the deepening cooperation between the neighbours, and comes after Russia last week dispatched Security Council Secretary Sergei Shoigu to Pyongyang for talks with leader Kim.
  • Vedomosti report that Russia's economy ministry expects annual inflation to slow to 8.1% at the end of September from 9.05% in August, citing its baseline forecast for 2025-2027. Price growth is expected to slow across the board, including to 8.1% from 9.72% for food, to 5.4% from 6.09% for non-food goods and to 10.6% from 11.73% for services.
  • There are no major data releases scheduled for today. PPI figures for August will cross tomorrow afternoon.