Inflation has slowed down very significantly, so the Central Bank makes decisions on easing monetary policy, the minister of Economic Development said.

It was noted that adopting the bill would eliminate the inconsistency of the norms of the Russian legislation on the issue of VAT compensation to foreigners when exporting goods outside the EAEU.

The President thanked the government and large companies with state participation for the signed agreements on the development of key high-tech areas.

According to Kuvaishev, INNOPROM attracts leading industry experts, businessmen and researchers, CEOs of biggest concerns and holding companies from all around the world.

Loans may be raised as early as this year.

The decision will facilitate exports of agro-industrial sector products, the cabinet's press service said.

In April, Putin approved the start of designing the Moscow-St. Petersburg high-speed railway line project.

"The reason for the suspension of flights is the need to ensure a sufficient level of aviation security", the Russian Transport Ministry said.

Supporting promotion of domestic competitive products on markets of other countries are among priorities in this direction, Deputy Minister Mikhail Mamonov said.

The slowdown was due to a decline of growth rate of non-food products prices, the regulator explained.