At the same time, annual inflation in Russia in June 2024 accelerated to 8.59% against 8.3% in May.

The positive trend is observed across almost all lines of the industry, Mikhail Mishustin noted.

The ministry also noted that execution of instructions on implementation of the President’s Address to the Federal Council, including regarding financing of programs for development and formation of perspective financial plan for 2025-2030, is ensured.

The international industrial trade fair Innoprom is taking place in Yekaterinburg on July 8-11.

"The annual capacity is about 70 mln units which almost fully cover the domestic market need in the car and truck tire segment," the statement reads.

Russia’s international reserves edged down by $2.6 bln over the week and totaled $590.5 bln as of June 28, 2024, the Central Bank said.

The move "will facilitate the formation of technological sovereignty in the area of pharma and medical industry," Mikhail Mishustin stressed.

It follows from the document that the gross national income per capita in Russia is $14,250.

According to the Central Bank’s outlook, the current monetary policy will limit excessive expansion of the domestic demand and its proinflation consequences.

The head of state noted that Russian entrepreneurs did not allow the national economy to collapse after the departure of Western companies.