Armenian Prime Minister Nikol Pashinyan has warned that Russia’s restrictions on Armenian exports are calling into question the future of the Eurasian Economic Union (EAEU), saying the dispute could mark “the beginning of the end” for the Moscow-led bloc if it is not resolved soon.
Inflation has risen in the North Caucasus.
In 2022, despite a formal increase in inflation-adjusted wages, the purchasing power of the residents of the CSRF was lower than in 2021. Real wages fell by 12%, Dagestan by 5%, Kabardino-Balkaria and Karachaevo-Cherkessia by 4%, Rosstat reported.
The highest inflation in Chechnya in 2022 was in March and April - 16% and 17% compared to the same period last year. By December, it had fallen to 13%. Overall, prices in Ingushetia rose by 17%, Chechnya, Karachaevo-Cherkessia and Kabardino-Balkaria - by 11%.
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