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Decline of global GDP will be 4-4.5% in 2020 - Economic Development Ministry
According to the forecast, persisting restrictions aimed at combating the spread of coronavirus in a significant number of countries restrain the growth of the economies of their trading partners.
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Energy sector recovery will take long time, says Russian energy minister
Alexander Novak stressed that as a driving force of the global economy the energy sector should be an outrider in terms of effective crisis overcoming and subsequent recovery.
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Russian Banks’ Gold Reserves Hit Record High
Lenders’ holdings of precious metals now worth $7.5 billion.
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Increase of excess income tax rates is justified step, says Putin
The fiscal burden on excess income, in resource sectors primarily, has increased.
Business in Russia
Russia, South Korea may create joint investment fund in coming months
Earlier, the CEO of the Russian Direct Investment Fund said that the fund was at the final stage of negotiations with South Korea on the possibility of manufacturing Russian vaccine against the coronavirus Sputnik V.
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Russia resumes air service with Belarus, Kazakhstan, Kyrgyzstan, South Korea
Flights to these countries will be performed once a week.
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Russia’s government approves three-year draft budget, macro forecast
The government also decided to approve the draft guidelines for the unified state monetary policy for 2021 and the period of 2022-2023.
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Russian government to terminate mineral extraction tax privileges
Finance Minister Anton Siuanov emphasized that the privileges provided do not reflect the real degree of depletion of the fields, the calculations are still based on information based on data for 2006.
Business in Russia
Business in Russia