News

Russia to export up to 60 mln metric tons of grain this season, senior official forecasts
According to Dmitry Patrushev, Russian farmers faced challenging weather this year.
Russia’s export duty on wheat to be $29.22 per metric ton from November 27
The export duty rate for wheat and meslin (a mixture of wheat and rye) is calculated based on an indicative price of $223.5 per metric ton, for barley - at a price of $185.7 per metric ton, and for corn - $220.3 per metric ton.
Russia’s international reserves down $9.2 bln over week — Central Bank
Russia’s international reserves are highly liquid foreign assets available with the Bank of Russia and the Russian Government.
Economy Ministry, Bank of Russia to optimize investment programs of natural monopolies
Maxim Reshetnikov noted the "expansion" of credits in the sector of state-run companies and natural monopolies.
Russian Central Bank to start reducing key rate in 2025 if there are no new shocks
In October, the Bank of Russia sharply raised the key rate by 2 percentage points to a record level of 21% per annum.
Russia’s export duty on wheat to be $26.88 per metric ton from November 20
The duty on the export of barley and corn will stand at 1,233.2 rubles ($12.33) and 3,066.5 rubles ($30.64).
Russia ready to scale up coal supplies to China — Novak
Despite the entire climatic agenda, coal will still remain for a long time as an energy resource to support needs of growing economies, the official noted.
Russian GDP growth estimated at 3.1% in Q3 2024
Rosstat confirmed earlier national GDP growth by 4.1% year on year in the second quarter of 2024.
Russia's AI industry ready to thrive with proper support, expert says
Artificial intelligence is a kind of mass media that communicates messages to users, giving answers to hundreds of thousands of queries daily, Ruslan Yunusov noted.
Share of alternative, national currencies in Russia-India trade approach 90%
In the first eight months of 2024, trade turnover between Moscow and New Delhi added 9%, Denis Manturov said.