News

Russia’s wheat exports projected to drop 20% in July-August, says expert
"Despite numerous statements made by Western regulators about the lack of sanctions against Russian food exports, we are still facing invisible barriers," Chairman of the Union of Grain Exporters Eduard Zernin emphasized.
Business in Russia
Russia second by average daily oil production in June 2022
The country produced in total 263.3 mln tonnes of oil during January - June of this year.
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Container import through Port of Vladivostok grows by 1.5 times in 3 months
In the last three months alone, the import of containers through the Commercial Port of Vladivostok has increased by 1.5 times, up to 28,000 TEU per month.
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Gas price in Europe exceeds $3,000 per 1,000 cubic meters first since early March
It is reported that the increase in the gas price since the beginning of trading almost totals 20%.
Business in Russia
India and Russia may soon mutually recognize Mir and RuPay payment systems
Also, it is reported that the parties continue negotiations to expand the use of national currencies in bilateral trade payments.
Business in Russia
Mortgage lending in June accelerates to 1.3% — Central Bank
It is reported that the real property demand has not yet recovered to the pre-crisis level.
Business in Russia
Staff shortage in Russian AI market reaches 5,000 people
Dmitry Chernyshenko added that more than 50% of Russian enterprises that purchase artificial intelligence solutions prefer domestic developments.
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Russian Economy Ministry expects inflation to reach 13.4% in 2022, GDP to drop to 4.2%
Also the ministry revised its forecast for the country’s unemployment rate from 6.7% in the May outlook to 4.8% as of the end of 2022.
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Saudi firm invests more than $500 mln in Russian energy companies this year
From February 22 to March 22 the Saudi company bought Gazprom’s American depositary receipts worth about $365 mln.
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Freight turnover of Russian seaports down 0.2% in January-July to 482 mln tonnes
In particular, dry cargoes throughput lost 5.1% to 225.8 mln tonnes, while liquid cargoes throughput added 4.5% to 256.2 mln tonnes," the report said.
Business in Russia