Omar Ahmed Suwaina Al Suwaidi also noted that a policy for development of the UAE within the framework of the national industrial strategy has been launched.

Askhab Indarbaev, executive director of the expert club of the Center for Strategic Strategic Studies, emphasized that, taking into account the “de-dollarization” process, the share of the ruble in the currency structure of foreign trade payments has doubled compared to the first quarter of 2022.

It was reported earlier that the net profit of Russian banks in April was 224 bln rubles.

China’s Ministry of Commerce announced gallium and germanium export restrictions from August 1.

Price growth slowed to 0.13%, the Ministry of Economic Development says.

Vadim Cheban, chairman of the board of the Moldovagaz company, clarified that the entire volume of gas from the Russian supplier will be sent to Tiraspoltransgaz.

The PMI value above 50 points is indicative of the business activity growth and the value below the said level flags its slowdown.

Russia’s international reserves are highly liquid foreign assets available with the Bank of Russia and the Russian government.

In January-May 2023 gold production added 11.1% in annual terms.

Under the forecast of the Bank of Russia, inflation in Russia will stand at 4.5-6.5% in 2023 based on the pursued monetary policy and will return to 4% in 2024.