News

Bank of Russia says annual inflation to hit peak levels in spring-summer of 2024
Speaking about the potential hike of the key rate at the next meeting of the regulator’s board of directors, the regulator’s Deputy Governor Alexey Zabotkin said that the Bank of Russia would "consider the reasonability of additionally raising the rate relying on the revised outlook".
Business in Russia
Russia to have good harvest this year — Putin
The President of the Russian Federation noted that in 2022 a record volume of grain was harvested - almost 158 million tons.
Business in Russia
Russian budget deficit reaching $16.8 bln in 9M 2023 — Finance Ministry
Federal budget expenditures over nine months of this year totaled $212.3 bln, up 9.7% year on year.
Business in Russia
EU Court of Justice begins hearings on RDIF's claim against sanctions
A decision on the lawsuit is expected in a couple of months.
Business in Russia
Russia's GDP to receive over $114.4 bln due to massive introduction of AI by 2030
Mikhail Mishustin noted that some nations are attempting to prevent Russia from gaining access to innovative technology.
Business in Russia
First power unit of Rooppur NPP in Bangladesh will be connected to power grid in 2024
The country's minister of science and technology thanked the Russian state corporation Rosatom for the construction of the Rooppur nuclear power plant despite all difficulties.
Business in Russia
Russia’s tax revenues up 9% in January-August to over $300 bln — head of tax service
Daniil Egorov added that non-oil and gas revenues rose by 12% in the reporting period.
Business in Russia
Russian government to consider draft budget for 2024-2026 on September 22
It was earlier reported that Russia may have a surplus federal budget in 2024 under certain conditions.
Business in Russia
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First 18 MC-21 aircraft on production stage — head of Yakovlev Design Bureau
"The first five airframes of the MC-21 aircraft are already assembled, and they have begun installation of domestic systems and units simultaneously with certification process," Andrey Boginsky noted.
Business in Russia