A similar replacement is stipulated in respect of the key rate of the Bank of Russia.

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.

Elvira Nabiullina recalled that the annual inflation in Russia will return to the level of 4-4.5% in the second half of 2022.

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.

"We will launch a program to stimulate our business’ participation in international open-source alliances," Mikhail Mishustin noted.

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.

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.

We will have two variants - by 2030 and by 2050," First Deputy Chief Ksenia Yudaeva noted.

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.

Under current agreements, OPEC countries increase oil production by 400,000 bpd per month, this plan will be in effect until October