"The measure will provide for lowering of the fiscal burden of mineral fertilizer producers, which paid export duties at a higher rate since last fall," the Russian Ministry of Economic Development stated.

Roman Starovoyt noted that Russia is holding negotiations with many airlines from friendly countries.

The regulator said earlier following its board meeting that the cooling of credit activity has already encompassed all segments of the credit market.

According to the president, the results of the country's economic development will continue for some time.

Deputy General Director of the Russian truck producer Mikhail Matasov noted that the decline in sales can be caused by a decrease in demand for cargo transportation.

Sergey Ryabkov noted that Russia also had ideas in the sphere of harmonizing operations of tax services.

Domestic consumption will go up, Alexander Novak said.

Renewal of measures was caused by continued effect of sanctions of unfriendly countries against Russia, the Ministry of Economic Development noted.

Inflation outlook has been upgraded to 9.2% (+1.5 pp compared to October) for 2024, to 6% (+0.7 pp) for 2025, and to 4.5% (+0.4 pp) for 2026.

The base produced at the facility enables creating all types of engine, gearbox and industrial oils with high performance characteristics, including low pour point, high viscosity index and resistance to oxidation.