News
Russian Central Bank to start reducing key rate in 2025 if there are no new shocks
In October, the Bank of Russia sharply raised the key rate by 2 percentage points to a record level of 21% per annum.
Business in Russia
Russia’s export duty on wheat to be $26.88 per metric ton from November 20
The duty on the export of barley and corn will stand at 1,233.2 rubles ($12.33) and 3,066.5 rubles ($30.64).
Business in Russia
Russia ready to scale up coal supplies to China — Novak
Despite the entire climatic agenda, coal will still remain for a long time as an energy resource to support needs of growing economies, the official noted.
Business in Russia
Russian GDP growth estimated at 3.1% in Q3 2024
Rosstat confirmed earlier national GDP growth by 4.1% year on year in the second quarter of 2024.
Business in Russia
Russia's AI industry ready to thrive with proper support, expert says
Artificial intelligence is a kind of mass media that communicates messages to users, giving answers to hundreds of thousands of queries daily, Ruslan Yunusov noted.
Business in Russia
Share of alternative, national currencies in Russia-India trade approach 90%
In the first eight months of 2024, trade turnover between Moscow and New Delhi added 9%, Denis Manturov said.
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Trade balance between Russia, India to improve through national currency settlements
As Indian Foreign Minister Subrahmanyam Jaishankar noted, the signing of a bilateral agreement between the customs authorities of the two countries in May 2024 on Authorized Economic Operators has had a big impact on smoothening the ease of doing trade.
Business in Russia
Share of Russian coal on global market to rise to 25-30% by 2050 — strategy
According to the targeted scenario, Russia’s coal export may rise to 350 mln tons by 2050 from 212.5 mln tons in 2023.
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Russia managed to reach 4th - 5th position by GDP globally in 24 years
"This is the country that survived on fractures of the Soviet Union and became the successor to that once-great power," Dmitry Peskov underlined.
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Forecast of Russia’s grain harvest in 2024 will not be revised — agriculture minister
Oksana Lut noted that this year Russian farmers faced unprecedentedly difficult weather conditions.
Business in Russia