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Mar 18, 2024 • 4 min read

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Russian Presidential Election:

President Vladimir Putin secured a victory in Russia's recent election, receiving 88% of the vote according to exit polls, which extends his tenure for another six years. This win, amid the backdrop of the conflict with Ukraine, underscores his dominant position in Russian politics and his confrontational stance towards the West. Putin's win is interpreted as an affirmation of Russia's military actions in Ukraine and a sign that Russia will continue its assertive foreign policy stance.
Having been in power since 1999, Putin's latest victory reinforces his leadership role and sets him on a path to surpass Josef Stalin as Russia's longest-serving ruler in over two centuries, should he complete this term. The election's result, with Putin capturing 87.8% of the vote as per the Public Opinion Foundation (FOM), represents an unprecedented achievement in the post-Soviet era.
However, the election's legitimacy has been questioned by international observers and Western nations, including the United States, Germany, and the United Kingdom, citing concerns over political repression and media censorship. These criticisms highlight the broader tensions surrounding Putin's rule and Russia's geopolitical direction.

Argentina’s Inflation:

In Argentina, inflation saw a decrease for the second month in a row, signaling a diminishing impact from a significant peso devaluation in December and the influence of austerity measures introduced by President Javier Milei. February's consumer price index rose by 13.2%, lower than the 15% forecasted by economists, as per the latest government statistics. Annually, inflation reached 276.2%, marking the highest rate since the country overcame hyperinflation in the early 1990s.
The central bank's president, Santiago Bausili, unexpectedly reduced the interest rate to 80% from 100%, pointing to a declining trend in consumer prices despite ongoing challenges posed by high inflation rates and efforts to replenish international reserves. This improvement in inflation figures is attributed to a less significant impact than anticipated from the currency measures implemented in December, according to officials.

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