Vladimir Putin says that inflation in Russia is making it 'practically impossible' for businesses to plan

• Inflation in Russia makes it nearly impossible for businesses in the country to plan, Vladimir Putin said.
• Russian inflation accelerated 5.15% year-per-year in August, well-above the 4% target.
• Still, Putin brushed off longer-term concerns for the Russian economy, adding that its problems were not "insurmountable."

Russian president Vladimir Putin acknowledged in a a speech this week that Russia's inflation problem is bad enough that it has become "practically impossible" for businesses to make any plans in the nation.