It is reported that in the services sector, inflation slowed down to 0.16% amid the price decline for domestic airfare.

The Russian economy is gradually reducing dependency on export of commodities, developing through sectors that bring high added value, which is why China’s interest in cooperation with Russia is growing, Boris Titov noted.

"It is not easy to do in the machine tool industry within a short period but restoring competencies in machine tool engineering is a critical task," Mikhail Mishustin stressed.

Viktor Khmarin reported current activities of RusHydro and its financial results to the president.

According to the presentation, flour exports from Russia at the end of the 2023/2024 agricultural year amounted to 1.1 million tons.

In the previous week inflation in the country equaled 0.27%.

Foreign investors actively leaving the Russian market may be behind such an adjustment, Finam Strategy Director Yaroslav Kabakov believes.

Vladimir Ilyichev stressed that Russia is systematically strengthening trade ties with the African and Middle Eastern regions.

Russia’s Deputy Minister of Economic Development Dmitry Volvach noted that the share of partners from CIS countries in Russia's foreign trade is growing.

Presidential Aide Nikolay Patrushev, who is in charge of national maritime policy, noted that "the fishing industry, which is one of the key sectors of the Russian economy, is entering a period of large-scale modernization".