News

Bank of Russia raises key rate to 12% from 8.5% per annum
The regulator will reportedly take into account actual and expected inflation dynamics relative to the target and economic transformation processes.
Business in Russia
Russian economy compensated decline in Q2 2022 — Economy Ministry
The construction and agricultural sectors maintained steady growth, just as last year, Polina Kryuchkova said.
Business in Russia
Key rate increase probability is high — Bank of Russia
The Board of Directors of the Central Bank increased the key rate to 8.5% per annum at the last meeting on July 21.
Business in Russia
Over 50% of Russian exports to Africa in 2024 may include fertilizers, metals, timber
First Deputy Minister of Russia Vasily Osmakov said in March that Russia could create its own leasing company in Africa.
Business in Russia
African states hope trade issue to be prior in St. Petersburg — South Africa’s minister
"There are a number of areas of collaboration that we have agreed, particularly in the areas of digital innovation, collaboration in space science, as well as strengthening people-to-people exchange," Naledi Pandor said.
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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.
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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.
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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.
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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