The downward trajectory of annual inflation observed in the first half of 2026 has come to a halt, with an anticipated acceleration in consumer price increases during the second half. Indicators of stable price growth are rising, reflecting a broader inflationary environment. The depreciation of the ruble has so far impacted only select goods, but this effect could extend. Data from July indicates a substantial increase in money supply growth, raising concerns about inflationary pressures and diminishing monetary policy flexibility. According to Central Bank analysts, meeting the inflation target in 2027 will require precise policy measures. release

Germany denounces the agreement concerning the operations of the Russian House in Berlin. The German government also plans to close the Russian Consulate General in Bonn by September 18.

Germany is advocating for expanded EU sanctions against Russia, according to the Foreign Minister. Interior Minister Alexander Dobirindt accused Russia of the August 4 attack on Leipzig Airport. TASS reports that the German Foreign Ministry summoned the Russian ambassador over the Leipzig drone incident. Germany will close the Russian Consulate in Bonn by September 18 and implement stricter entry controls for Russian citizens.

Dmitry Peskov said there are no details yet on potential mediation efforts by Steven Witkoff and Jared Kushner in Ukraine, according to TASS.

Russia's Ministry of Foreign Affairs has pledged to respond to Germany's anti-Russian measures.

Explosions reported in Iran's southern ports of Chabahar and Bandar Abbas, Iranian media say.

Oil prices increased by 4%.

The US Air Force is conducting strikes on Iranian targets in the Strait of Hormuz area, according to Axios. Multiple explosions have been reported on Qeshm Island and in the surrounding region, Press TV states.

Chevron plans to expand its operations in Venezuela. U.S. Energy Secretary Wright is scheduled to arrive in Venezuela tomorrow to sign an oil accord.

Sber has acquired two business centers, Summit Towers, in New Delhi, according to Alexander Vedyakhin.

A group of 21 financial institutions, including Bank of America, Citi, Goldman Sachs, and UBS, is forming a company to issue stablecoins aimed at facilitating payments and digital asset transactions. Read more.

The Pentagon plans to conduct periodic strikes along Iran's coastline in the Strait of Hormuz, according to U.S. Central Command. The strategy aims to prevent Tehran from reasserting military positions in the region, Axios reported.

The U.S. Embassy in Israel has issued a warning to American citizens across the Middle East regarding a potential escalation, according to Sky News Arabia.

Dmytro Peskov stated that Germany is furthering its trajectory toward escalation.

Putin, Trump, and Xi Jinping may attend a trilateral summit at the upcoming APEC meeting, according to Zarubin. During a recent meeting between Russian and Chinese leaders, discussions covered the possibility of a trilateral summit and bilateral talks with other leaders, Ushakov informed Zarubin.

Iran has launched missiles towards American bases in the region in response to U.S. attacks, reports Tasnim.

Iran is preparing to carry out extensive retaliatory strikes against U.S. targets in the region within the next few hours, according to Tasnim. The Islamic Revolutionary Guard Corps has warned that aggressors will face severe punishment and stated that the United States will regret its recent attacks. Iran's response is expected to be significantly larger than the initial U.S. strikes, with American bases and interests in the region targeted, reports Tasnim. IRIB has also issued statements indicating severe repercussions for the U.S.

Ushakov to meet with Vatican envoy Zuppi at month's end to discuss Ukraine issues, TASS reports.

Russian airline Aeroflot stock declines 4%

President Vladimir Putin and President Recep Tayyip Erdoğan held nearly an hour and a half of bilateral talks in Bishkek, primarily addressing the Black Sea situation, according to Ushakov.

Former President Donald Trump dismissed the Iran nuclear deal in a Fox News interview, asserting it is "not worth the paper it is written on" and criticizing what he called numerous chances granted to Tehran.