In a large bowl, mix the flour, sugar, and salt. Add the warm water, yeast, and oil and mix until combined.
Knead the dough for about 5 minutes, until it is smooth and elastic. Cover the bowl with a damp cloth and let the dough rise for about 1 hour, until it has doubled in size.
In a small bowl, mix the raisins, almonds, cinnamon, and nutmeg. Add the mixture to the dough and knead until it is well incorporated.
Form the dough into a round loaf and place it on a greased baking sheet. Cover with a damp cloth and let it rise for 1 more hour.
Preheat the oven to 350°F (175°C). Bake the kulich for 25-30 minutes, until it is golden brown and sounds hollow when tapped.
Let the kulich cool on a wire rack before serving.
Interesting Facts
Kulich is a traditional Russian Easter bread that has been made for centuries.
Kulich is often decorated with icing and colored eggs.
Kulich is traditionally eaten with a sweet cheese called paskha.