Russian inflation and data protection

Russian inflation and data protection

Russia has been facing high inflation rates in recent years, with prices rising significantly across various sectors. This has led to a decrease in the purchasing power of the Russian population, making it harder for people to afford basic goods and services. The Russian government has been implementing various measures to combat inflation, such as increasing interest rates and controlling the money supply.

On the other hand, data protection has become a growing concern in Russia, as the country has been implementing stricter regulations to protect personal data. In 2020, Russia passed a new law that requires all companies to store Russian citizens’ personal data within the country’s borders. This has raised concerns among foreign companies operating in Russia, as they now have to comply with these regulations or risk facing fines and penalties.