News
Rosneft produces 20.2 bcm of gas in Q1 2025
Greenfield projects in the Yamal-Nenets Autonomous District commissioned in 2022 account for around a third of Rosneft’s gas production.
Business in Russia
Russia’s gold output rises by 8% in April 2025
However, compared to March 2025, the output declined by 3.8%.
Business in Russia
Russia’s pipeline gas supplies to Turkey up by 16% yoy in January-April
According to Eurostat, Turkey imported a total of 1.82 billion cubic meters from Russia via the TurkStream and Blue Stream pipelines in April.
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Russia expanding BRICS New Development Bank financing in national currencies
Deputy Foreign Minister Sergey Ryabkov noted that Russia’s BRICS partners share its concerns over the negative influence of unlawful sanctions not only on the economic situation in separate countries, but also on the global economic system overall.
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Average annual growth rate of Russia’s IT industry over 5 years reaches 28%
Anton Nemkin recalled that the Russian president's decree on national development goals establishes the strategic objective that, by 2030, at least 80% of Russian organizations in key economic sectors must use domestic software products.
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Russia’s export duty on wheat to be $17.16 per metric ton from May 28
The duty on the export of barley will be zero.
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Increase of duties on Russian fertilizers by EU to affect poorest countries
Russian producers will continue developing cooperation with partners in other regions of the globe, the Russian Association of Fertilizer Producers noted.
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Putin supports idea of special economic zone throughout Kursk region
The Russian leader still noted that "the government has doubts about this" due to concerns that businesses from other regions of the country will re-register in safe areas of the Kursk region to enjoy benefits.
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Russian offshore, onshore drilling technologies may be above foreign ones
As Anton Rubtsov pointed out, the Ministry of Energy pays special attention to technologies for the oil and gas sector, which have a high potential for implementation.
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EC downgrades outlook on Russia’s GDP growth for 2025 to 1.7% from 1.8%
The EC also projects inflation to gradually decelerate over the course of 2025.
Business in Russia