Earlier this year, the project received all necessary construction permits from the German supervisory authorities.

The average speed of the construction in the deep-water area, carried out by the Pioneering Spirit vessel, reached 4.3 km per day.

The trade turnover between the two countries last year increased by 19% in comparison with 2016.

Co-chairman of Russia's AIP (Association of Industrial Parks) board Maxim Pazdnikov said that each year around 20-25 new industrial park projects emerge in Russia.

Russia and Saudi Arabia may sign agreements on energy on the sidelines of the St. Petersburg International Economic Forum (SPIEF).

Gazprom and Saudi Aramco signed a memorandum of understanding in the field of international gas cooperation during the official visit of King of Saudi Arabia Salman bin Abdulaziz Al Saud to Russia.

Many Russian industries have already achieved an import substitution rate of more than 90%.

It was reported earlier that Iranian oil supplies under the program amount to 5 mln tonnes per year.

The tax-free system has started operating in pilot mode in Russia.

Russian presidential spokesman urges for "calm, rational assessment of the situation" on the market.