The regulator projects annual inflation in Russia at 7-8% in 2025.

The bank where the account is opened will send the application to the tax authority electronically, according to the document.

"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.

The rate was at the level of 21.44% in early February and 21.47% in the middle of the last month.

The duty on corn will be 2,301.9 rubles ($25.94) per metric ton.

Consumer prices in Russia gained 0.47% since early February and 1.71% from the year start.

According to Oksana Lut, last year’s grain harvest is expected at 130 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.

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.

Inflation rates slowed down slightly over the past two weeks, the official noted.