Russia is also preparing to cancel visas with a number of countries of the Middle East, Southeast Asia, Africa and Latin America, Minister of Economic Development Maxim Reshetnikov noted.

The expert added that, according to an analysis of data from the largest market players in Russia, total views of travel aggregator sites last year reached 1.2 billion.

Official representative of the Iranian government Ali Bahadori-Jahromi made this statement at a press conference following a government meeting.

The incremental growth rate of the consumer loans portfolio can be 7-12% in 2024, the regulator noted.

"We expect households money will continue growing actively and the annual incremental growth rates will be within the range of 14-19%," the Bank of Russia said.

"In the services sector, the price growth rate dropped to 0.13% amid slower rise in prices for air tickets and services of sanatoriums," the ministry added.

Main contributors to GDP growth in the first quarter of this year were wholesale and retail trade (+11.4%), processing facilities (+9%), construction (+4.8%), and hotels and restaurants (+4.6%).

The Central Bank also emphasized that currency exchange trading is not a necessary condition for the convertibility of the national currency, the free circulation of foreign currency, and the formation of market exchange rates.

Since last August, 400,000 foreigners visited Russia, Maxim Reshetnikov noted.

In the reporting period, Russia increased exports to Asian countries by 11% to $101.4 billion, imports from these countries decreased by 3% to $56.6 billion.