The General Administration of Customs of the People's Republic of China said earlier that the volume of the Sino-Russian trade amounted to $136.67 billion in January-July, having increased by 1.6% year-on-year.

Jalali specified that Russia ranked first in terms of foreign investment in the country in 2023.

"In the nonfood segment, price growth rates dropped to 0.09%; the price drop restarts for electrical and domestic appliances and the price hike for imported cars slowed down," the ministry said.

In July 2024, the real effective ruble rate gained 1.9% against the dollar and increased by 0.8% against the euro against the prior month.

The foreign trade surplus of Russia surged by $13.6 bln as of the end of January-July 2024 against the like period of the last year and totaled $76.6 bln.

The Bank of Russia does not aim to stop lending, Deputy Governor of the Bank of Russia Alexey Zabotkin said.

Lev Denisov noted that industries focused on developing the supply-side economy are growing - the mechanical engineering sector (+17.9%), pharmaceuticals (+7.4%), food industry (+6.1%), woodworking (+6.5%) and others.

Air carriers will transport 73.7 mln passengers during the high season, with the increase by 7%, Roman Starovoyt noted.

It is noted that the dynamic development of the Russian agro-industrial complex is the result of systematic decisions of the state to protect and support Russian producers, as well as to boost certain sectors.

The market for new passenger cars in the past 7 months grew by 69% year-on-year and amounted to 848,300 vehicles, the market for light commercial vehicles increased by 41% to 71,900.