News
Russian oil industry to continue to overcome sanctions
Alexander Novak emphasized that the oil sector accounts for over 10% of Russia’s GDP and approximately 20% of the federal budget.
Business in Russia
Bank of Russia reports 42.5% profit growth in 2024
The regulator had losses for several years in a row before 2023.
Business in Russia
Russia’s export duty on wheat to be $22.62 per metric ton from April 2
The duty on the export of barley will total $2.59 per metric ton, the duty on corn will be $14.32 per metric ton, according to the Ministry of Agriculture.
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State support of agriculture in Russia to exceed $5.9 bln in 2025
All basic indicators of the food security doctrine are reached, while on the remaining ones the government sees continued growth, the premier added.
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Industrial production growth reach 4.6% in 2024
Mikhail Mishustin noted the contribution of the machine-building segment, where production volumes of high-technology products grew by almost 20%.
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Belarus, Russia discuss cooperation in rare-earth metals segment
"The mineral and raw materials potential of rare-earth metals of the Republic of Belarus and the Russian Federation, technologies and equipment used to mine and process rare-earth metals were discussed during the meeting," the ministry said.
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Malaysia, Russia actively discussing direct routes between two countries
The Malaysian state of Sabah currently has air service with 22 major international destinations.
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Rosneft refined 82.6 mln tons of oil in Russia last year
"Stable supplies of high quality engine fuel to Russian consumers is one of main priority of Rosneft’s operations," the Russian oil producer underlined.
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Growth in demand for air travel boosts interest in domestic aircraft
Head of the Federal Air Transport Agency Dmitry Yadrov specified that 142 such aircraft are expected to be delivered to Russian airlines by 2030.
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Russia’s export duty on wheat to be $28.11 per metric ton from March 19
The duty on the export of barley will total $8.91 per metric ton, on corn will be $21.1 per metric ton, the Ministry of Agriculture said.
Business in Russia