News

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.
Business in Russia
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
Russia’s export duty on wheat to be $30.9 per metric ton from February 26
The duty on corn will be 2,301.9 rubles ($25.94) per metric ton.
Business in Russia
Weekly inflation stands at 0.17% in Russia-statistics
Consumer prices in Russia gained 0.47% since early February and 1.71% from the year start.
Business in Russia
Russia’s grain exports expected at up to 57 mln tons this season
According to Oksana Lut, last year’s grain harvest is expected at 130 mln tons.
Business in Russia
Freight turnover of Russian seaports down 1.6% in January to 71.6 mln tons
Meanwhile, 57.3 mln tons of export cargoes were loaded in the period, which is half a percent lower than in the same period in the previous year.
Business in Russia
Russia’s oil and gas revenues up 16.9% in January, non-oil and gas revenues up by 9.3%
The Finance Ministry also noted that the accumulation of additional oil and gas revenues during periods of favorable price conditions and the use of National Wealth Fund resources to cover lost oil and gas revenues in accordance with the fiscal rule ensures the stability of the budget system to fluctuations in the receipt of oil and gas revenues.
Business in Russia
Inflation in Russia exceeds projected value, totals 9.5% in 2024
Inflation rates slowed down slightly over the past two weeks, the official noted.
Business in Russia
Cargo transportation in Russia gained 5.5% in 2024
According to statistics, cargo transportation stood at 1.19 bln metric tons for rail transport, 7 bln metric tons for motor transport and 0.5 bln metric tons for air transport.
Business in Russia
Russian statistical agency estimates GDP growth at 4.1% in 2024
The Russian GDP stood at 200 trillion rubles ($2 trillion) in 2024.
Business in Russia