Earlier, Head of the System Operator Fyodor Opadchiy said that in 2024 electricity consumption in Russia will increase by 3.1% to 1,192 trillion kWh.

"The government has been supporting exports for promotion and import substitution," Kan Zaw noted.

The ordinance also specifies documents and information residents are supposed to provide to banks.

In 2024, import of tomatoes increased by 14.9% year-on-year to 479,400 tons.

Gas supplies to China via the Power of Siberia pipeline could surpass the design capacity of 38 billion cubic meters in 2025.

The company is about to pour first concrete as part of the construction, the Russian company’s Director General Alexey Likhachev said.

The Russian leader noted that the volume of trade between Moscow and Yerevan had doubled compared to 2023, and by the end of the current year it would amount to more than $ 10 billion.

Alexander Novak noted that gasoline production in Russia exceeds the level of demand in the country by approximately 10%, so some of it needs to be exported.

CIS and the nearest Russian neighbors, Southeast Asia, Persian Gulf countries, Africa, Latin America and Iran are among other destinations for Russian exports.

"The measure will provide for lowering of the fiscal burden of mineral fertilizer producers, which paid export duties at a higher rate since last fall," the Russian Ministry of Economic Development stated.