News

Russia ready to review Tanzania’s applications for military-technical cooperation — envoy
Andrey Avetisyan noted Tanzania is primarily interested in education of citizens in Russian military academies and military colleges.
Business in Russia
Russian Grain Union puts Russia's real annual harvest potential at 200 mln metric tons
Arkady Zlochevsky notes that land under grain cultivation in Russia represents 48 mln hectares.
Business in Russia
Russia’s share in global food markets jumps in last five years — Agriculture Ministry
In 2022, Russia accounted for 2.1% of global agricultural exports, compared to the share of 1.4% in 2017.
Business in Russia
UAE, Russia to strengthen ties in logistics, steel industry
Omar Ahmed Suwaina Al Suwaidi also noted that a policy for development of the UAE within the framework of the national industrial strategy has been launched.
Business in Russia
Risks of accelerating inflation due to ruble’s weakening not high
Askhab Indarbaev, executive director of the expert club of the Center for Strategic Strategic Studies, emphasized that, taking into account the “de-dollarization” process, the share of the ruble in the currency structure of foreign trade payments has doubled compared to the first quarter of 2022.
Business in Russia
Russian banks may see increased profits in 2023 — Bank of Russia
It was reported earlier that the net profit of Russian banks in April was 224 bln rubles.
Business in Russia
Kremlin tight-lipped on rare metals export restrictions
China’s Ministry of Commerce announced gallium and germanium export restrictions from August 1.
Business in Russia
Russia’s annual inflation accelerates to 3.43% from June 27 to July 3 — ministry
Price growth slowed to 0.13%, the Ministry of Economic Development says.
Business in Russia
Price of Russian gas for Moldova to decrease to $550 per 1,000 cubic meters in July
Vadim Cheban, chairman of the board of the Moldovagaz company, clarified that the entire volume of gas from the Russian supplier will be sent to Tiraspoltransgaz.
Business in Russia
Russia’s manufacturing PMI index down to 52.6 points in June
The PMI value above 50 points is indicative of the business activity growth and the value below the said level flags its slowdown.
Business in Russia