Russia’s national statistics service said earlier that industrial production dropped by 9.4% in June.

It currently stands at 150-200 days on average.

In 2015, the share of foreign-made vaccines was 69%.

Central Bank fears inflation could stay low into 2021 and signals more cuts are on the horizon.

The deliveries of the inactivated whole-virion vaccine to the international market will be possible only after Russia fully meets its needs for preventive preparations against COVID-19, Center Head Aidar Ishmukhametov said.

The reduced 7.6% rate of insurance contributions will be set for IT companies since 2021 and perpetually.

The Finance Ministry wants to cut spending by up to 10% from next year.

All volunteers without exception developed immunity against the coronavirus and felt normal.

The document will come into force from January 1 of the next year.

The decline in oil prices, reduction of oil output under the OPEC+ deal, and the negative consequences of the COVID-19 pandemic will lead to a decrease in the Russian economy by 4.8% in 2020, the report said.