News
Compulsory share of Russian wine may grow as industry evolves
The task of the ministry is to support producers on one side and not to do harm to consumers and trading companies on the other side, Russian Deputy Minister of Industry and Trade Roman Chekushov said.
Business in Russia
Russia's February oil and gas revenues down by 18.4% year-on-year
In January-February, oil and gas revenues decreased by 3.8% to 1.56 trillion rubles ($17.4 bln).
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Forward-looking indicators point to cooldown signs in Russian economy
Growth is not across-the-board anymore, Maxim Reshetnikov noted.
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Russia currently has 13 MC-21 aircraft, 20 SJ-100 airliners in production
About 40 MC-21 and SJ-100 aircraft in various stages of completion are located at the enterprises of the United Aircraft Corporation (UAC, part of Rostec).
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Russia’s manufacturing PMI index down to 50.2 points in February
Some firms noted sustained demand conditions in February, while others highlighted a broad stagnation in new orders, S&P Global said.
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Russia’s export duty on wheat to be $24.37 per metric ton from March 5
The export duty rate for wheat and meslin (a mixture of wheat and rye) is calculated based on an indicative price of $241.3 per metric ton, for barley - at a price of $204 per metric ton, and for corn - $220.9 per metric ton.
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Key rate of 21% necessary for reaching 4% inflation target — Russian Central Bank chief
The regulator projects annual inflation in Russia at 7-8% in 2025.
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Russian Finance Ministry proposes simplified tax registration for foreign companies
The bank where the account is opened will send the application to the tax authority electronically, according to the document.
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Russia is one of the world's leaders in rare earth metal reserves
"We have them in the north, in Murmansk, and in the Caucasus, in Kabardino-Balkaria, and in the Far East, in the Irkutsk region, in Yakutia and Tyva [republics]," the president noted.
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Maximal interest rate on ruble deposits down to 21.06% in mid-February
The rate was at the level of 21.44% in early February and 21.47% in the middle of the last month.
Business in Russia