The facility started operating in the border city of Suifenhe, the report said.

As previously reported, in April the Russian Ministry of Economic Development revised its forecast for inflation in 2025 upward from 4.5% to 7.6%.

The Russian President called Egypt one of Russia’s key partners in Africa.

"Orders have been given to expedite the process of finalizing the terms of the contract," the Russian Deputy Prime Minister said.

April data indicated a further decline in output at Russian manufacturers, although the pace of contraction eased to only a marginal rate, the agency noted.

The Bloomberg Billionaires Index shows that Alisher Usmanov, the shareholder of Russia’s largest iron ore producer Metalloinvest, amassed $3.64 billion since the beginning of 2025, with his fortune climbing to $16.9 bln.

It is 0.1% more than in the like period of the last year.

Avtovaz exported more than 20,000 Lada cars in 2024.

"The government devoted a separate national project New Materials and Chemistry to handling this problem," Mikhail Mishustin said.

TASS has collected key statements of the Central Bank chief.