The PMI value above 50 points is indicative of the business activity growth.

The ministry also drew attention to the growth in investment activity in the second quarter, which turned out to be significantly higher than expected and forecast estimates.

It is noted that in value terms, China’s imports of energy resources from Russia jumped 21.9% over the same period to more than $2.98 mln.

It is confirmed that the matter of lowering the rate to 7% is under discussion.

It is noted that payments via Kwikpay can be made using a mobile app to thirty seven countries, including certain CIS, EU and Asian nations.

It is noted that this year’s oil and gas revenues are close to the planned level.

"We hope that this will be facilitated by the launch of supranational mechanisms for financing promising projects at the expense of the Union budget in the near future," Mikhail Mishustin added.

The diplomat went on to say that the issue of using national currencies in mutual settlements was "a focus item" on the summit’s agenda.

According to the head of the ministry Maxim Reshetnikov, new national projects should be aimed at the tasks of structural transformation of the economy, ensuring technological sovereignty and developing the supply-side economy.

According to the Central Bank, banks earned 327 billion rubles in July.