News
Increase of excess income tax rates is justified step, says Putin
The fiscal burden on excess income, in resource sectors primarily, has increased.
Russia, South Korea may create joint investment fund in coming months
Earlier, the CEO of the Russian Direct Investment Fund said that the fund was at the final stage of negotiations with South Korea on the possibility of manufacturing Russian vaccine against the coronavirus Sputnik V.
Russia resumes air service with Belarus, Kazakhstan, Kyrgyzstan, South Korea
Flights to these countries will be performed once a week.
Russia’s government approves three-year draft budget, macro forecast
The government also decided to approve the draft guidelines for the unified state monetary policy for 2021 and the period of 2022-2023.
Russian Direct Investment Fund in talks with South Korea to produce Sputnik V vaccine
RDIF has also reached a number of agreements with China.
Russian government to terminate mineral extraction tax privileges
Finance Minister Anton Siuanov emphasized that the privileges provided do not reflect the real degree of depletion of the fields, the calculations are still based on information based on data for 2006.
Russian investment fund agrees supply of up to 50 mln doses of Sputnik V to Brazil
Deliveries are expected to start in November 2020.
Decline of Russia’s GDP is 8% yoy in 2Q, 3.4% yoy in 1H 2020 - statistics service
Under the current prices, the volume of GDP is estimated at 48.606 trillion rubles $644 bln) in the first half of 2020.
Russians increase spending on domestic tourism 1.5-fold in second half of summer
One of the growth factors of the segment was the program with cashback for trips across Russia, launched by the government this year, according to the bank.
Russia can increase its global oil market share due to reduced competition
A reduced competition between producers is a result of a decline in investments in the industry.