Japan’s export of passenger cars to Russia fell by 7% in 2023 financial year.

"Two hundred or not two hundred, but the duty can and should be increased," Viktor Evtukhov noted.

The LME recognizes that a consequence of the Amended Sanctions Package may be to cause a degree of market uncertainty, which may then result in market participants warranting Relevant Metal as a safeguarding move.

Meanwhile, current account surplus rose to $22 bln in Q1 2024 from $15.4 bln in Q1 2023.

"In the nonfood segment, the price growth rate was 0.12% over the reporting week amid the slowdown in the price hike for cars, electric and other domestic appliances," the ministry informed.

According to the Russian prime minister, the first step is to assure an accelerated development of investment in capital-intensive businesses, as well as technological and industrial sovereignty projects.

Subsidized leasing investments amounted to $1 bln, Pavel Kosov noted.

The Bank of Russia’s macroprudential limits set for unsecured consumer loans in Q1 2024 will remain in place for the second quarter.

According to data presented by First Deputy Agriculture Minister Oksana Lut at the panel session, agricultural production in Russia has grown by 87% since 2000.

Since the beginning of April, consumer prices in Russia have increased by 0.01%, since the beginning of the year - by 1.87%.