News

Russian government approves draft budget for 2019.

In 2019 Russia will have a surplus budget for the first time since 2014.

Russia and China expected to reach $100 bln trade turnover in 2018.

The turnover between Russia and China soared 50% in the first half of 2018.

Russia expects budget surplus of 1.5-2% of GDP and 1.8-2% GDP growth in 2018

Upwards dynamics will be further growing in the following years.

Russia to increase oil production in 2019.
OPEC expects that average oil production in Russia will be 11.15 mln barrels per day in 2018.
Russian companies ready to supply power plant equipment to Argentina.
Russian manufacturers of power machine-building and electrical industry are currently viewing an opportunity to deepen cooperation with Argentina.
New US sanctions against Russia to affect global trade.
The new US sanctions against Russia will seriously hurt international trade and fail to achieve the goals of the Washington administration.
Putin approves special tax zones for foreign companies.
Special administrative zones will be set up on islands.
Russia to increase domestic aluminum consumption by 300,000 tonnes in 2018.
The domestic consumption volume can grow to 2.5 mln tonnes in five years.
Russia to create automated system of exchanging data on cyber threats.

Russia is implementing a program of specific measures to fight cybercrimes.

Yakutia to establish Advance Development Territory in Arctic to tap mineral resources.

According to preliminary estimates, its establishment can support about 1,700 jobs.