News

Russia needs contingency plan to respond to risks like coronavirus pandemic, says Putin
The Russian President noted that new risks were emerging throughout the world, which sometimes alter the situation drastically, making a dent in previous plans.
Business in Russia
Russian Cabinet presents draft law on LIBOR replacement to parliament
A similar replacement is stipulated in respect of the key rate of the Bank of Russia.
Business in Russia
Accounts Chamber warns of stagnation risks in Russia’s mineral resource base
The Accounts Chamber also noted that due to the decline in the geological exploration performance, a significant imbalance has formed between the increase and disposal of certain mineral reserves.
Business in Russia
Bank of Russia’s Chief urges reducing inflation expectations as soon as possible
Elvira Nabiullina recalled that the annual inflation in Russia will return to the level of 4-4.5% in the second half of 2022.
Business in Russia
Conservative macro forecast assumes 6% inflation in 2021 — Economic Development Minister
Maxim Reshetnikov recalled that the government's measures of non-monetary nature and the monetary policy of the Bank of Russia are in effect to stabilize prices.
Business in Russia
PM Mishustin calls for creating coding platform similar to GitHub in Russia
"We will launch a program to stimulate our business’ participation in international open-source alliances," Mikhail Mishustin noted.
Business in Russia
SCO members support interlinking One Belt One Road initiative with EAEU — declaration
The member states also stress the importance of exchanging experience in implementing national development strategies, plans for the digital economy development and introduction of innovative technologies.
Business in Russia
Russia to Grant Toll-Free Status to Electric Cars From 2022
Russian electric car drivers will be able to access toll roads at no cost starting from 2022 in a new trial experiment, the RBC news website reported Monday, citing a recently published draft government plan.
Business in Russia
Bank of Russia developing stress tests on influence of decarbonization on economy
We will have two variants - by 2030 and by 2050," First Deputy Chief Ksenia Yudaeva noted.
Business in Russia
Russia’s current viable reserves to suffice for 21 years, says mineral resources agency
Western Siberia remains the most promising Russian region for exploration of oil and gas reserves, Acting Head of the Federal Agency for Mineral Resources Yevgeny Petrov noted.
Business in Russia