News
Bank of Russia remains committed to inflation targeting
"The goal of the monetary policy remains unchanged - to keep annual inflation close to 4%," the document reads.
Business in Russia
Cosmetics production in Moscow rises by 17% in past eight months
Sobyanin noted that Svoboda cosmetics factory in the capital celebrates 180 years.
Business in Russia
Russian Industry Ministry suggests setting fertilizer export quota
The relevant draft decree has been posted on the web portal of draft regulations.
Business in Russia
Used car sales on the rise in Russia — statistics
The Russian car brand Lada traditionally tops the list.
Business in Russia
Russia to raise oil export duty by $2.3 from November 1 to $26.2 per ton — ministry
According to the Russian Finance Ministry, the average price for Urals oil for the monitoring period from September 15 to October 14, 2023 was $83.35 per barrel.
Business in Russia
EAEU secures $24 billion through Belt and Road Initiative, Putin says
According to the Russian president, the joint projects "are also beneficial to the People’s Republic of China, because it also receives products from the implementation of these projects and gets conditions for better and greater development".
Business in Russia
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