News

Legal framework for electronic gas trading platform in Turkey not ready yet — source
It is believed, however, that the parliament of the republic "may begin preparing and discussing" some amendments necessary for the implementation of the trading platform project.
Business in Russia
Putin sings decree requiring certain Russian exporters to sell foreign currency
Press secretary of the head of state Dmitry Peskov clarified that “the percentage of currency that will be subject to mandatory sale will be established by the Russian government”.
Business in Russia
Russian cabinet not considering increase in tax burden on oil sector
The Russian authorities decided earlier to amend the Tax Code and resume, effective October 1, the fuel damper mechanism.
Business in Russia
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