News

Russia’s inflation slows to 5.1% in annual terms in May
The slowdown was due to a decline of growth rate of non-food products prices, the regulator explained.
Russia calls for abandoning global trade wars - Putin
Russian President emphasized the need starting by protecting the social and humanitarian sector from trade and economic sanctions.
World Bank describes Russia’s banking sector as ‘relatively stable’
According to the World Bank, "the Russian banking sector is stabilizing".

Putin to make a speech at SPIEF, meet with UN secretary general on June 7
Russian presidential aide Yury Ushakov said earlier that the president will talk about main problems of the world economy and politics, and discuss the National Projects being implemented in Russia.
Russia's Energy Ministry keeps 2019 oil production outlook unchanged
The outlook remains the same despite the situation with contamination of the Druzhba pipeline, says minister.
Russian market still very attractive despite global issues, says Kremlin
Spokesman Dmitry Peskov spoke prior to he St. Petersburg International Economic Forum, stressing that the atmosphere at SPIEF is welcoming every year.

Around 6,000 guests expected at Eastern Economic Forum this year
EEF deputy director for development Maxim Yakovenko said that Indian Prime Minister Narendra Modi will be an honorary guest at this year's forum.

Medvedev urges legal steps to limit presence of state on competitive markets
The Prime Minister stressed that this is one of the tasks for the Economic Development Ministry.

Russia’s currency reserves stand at comfortable level, says Central Bank chief
Reserves are on the rise due to the fiscal rule, the current level of reserves is sufficient.
Russia's Economy Ministry maintains 2019 GDP growth outlook at 1.3%
Russia’s Economic Development Ministry does not expect a recession in the Russian economy in the second half of 2019.