This measure is aimed at stabilizing the construction materials market.

The OPEC+ coalition’s recent agreement to steadily raise oil production is paving the way for Russia to slowly shrug off Covid-19 curtailments, Norway’s Rystad Energy consulting company said in a statement.

The trials of gas and cryogenic equipment, loading systems, pumps and compressors for LNG storage and unloading have already been completed.

According to Svetlana Chupsheva, 40 Russian projects entered new markets and became winners of international contests and ratings last year only.

This year, the trade turnover in six months amounted to $340 bln.

The pace of food price increases has started to slow down, but inflation remains well above government targets.

Russian President recalled that the government had introduced increased export duties on the products of the metallurgical industry.

According to Moscow Deputy Mayor Vladimir Yefimov, exports of goods in this category amounted to $22.34 mln, up 2.1-fold compared with the same period last year and by 90.6% compared with January-May 2019.

The 24th St. Petersburg International Economic Forum was held on June 2-5. The forum’s business program focused on the global and Russian economies, social issues, and technological development.

In the first five months of 2021, Russia sold more vaccines abroad than in the last three years combined.